Have Insiders Sold Turners Automotive Group Shares Recently?

Anyone interested in Turners Automotive Group Limited (NZSE:TRA) should probably be aware that the Group Chief Financial Officer, Aaron Saunders, recently divested NZ$700k worth of shares in the company, at an average price of NZ$5.83 each. The eyebrow raising move amounted to a reduction of 24% in their holding.

See our latest analysis for Turners Automotive Group

Turners Automotive Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Martin Berry, for NZ$1.7m worth of shares, at about NZ$4.55 per share. That means that even when the share price was below the current price of NZ$5.99, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was 100% of Martin Berry's holding.

Turners Automotive Group insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Turners Automotive Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Turners Automotive Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Turners Automotive Group insiders own about NZ$77m worth of shares. That equates to 14% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Turners Automotive Group Tell Us?

An insider hasn't bought Turners Automotive Group stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 3 warning signs for Turners Automotive Group (1 makes us a bit uncomfortable!) and we strongly recommend you look at them before investing.

Of course Turners Automotive Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.