Stoneridge President Acquires 48% More Stock

Investors who take an interest in Stoneridge, Inc. (NYSE:SRI) should definitely note that the President, James Zizelman, recently paid US$15.72 per share to buy US$102k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 48%.

See our latest analysis for Stoneridge

The Last 12 Months Of Insider Transactions At Stoneridge

The Independent Director, Kimberly Korth, made the biggest insider sale in the last 12 months. That single transaction was for US$128k worth of shares at a price of US$16.49 each. That means that an insider was selling shares at around the current price of US$16.04. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last twelve months insiders purchased 9.03k shares for US$153k. But insiders sold 12.65k shares worth US$229k. Over the last year we saw more insider selling of Stoneridge shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Stoneridge Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Stoneridge insiders own about US$23m worth of shares. That equates to 5.1% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Stoneridge Tell Us?

Insider selling has just outweighed insider buying in the last three months. But the difference isn't enough to have us worried. We're a little cautious about the insider selling at Stoneridge. The modest level of insider ownership is, at least, some comfort. 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. When we did our research, we found 2 warning signs for Stoneridge (1 is significant!) that we believe deserve your full attention.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.