Executive VP & Chief Legal Officer Of Amalgamated Financial Sold 99% Of Their Shares

Explore Amalgamated Financial's Fair Values from the Community and select yours

We'd be surprised if Amalgamated Financial Corp. (NASDAQ:AMAL) shareholders haven't noticed that the Executive VP & Chief Legal Officer, Mandy Tenner, recently sold US$144k worth of stock at US$27.46 per share. Equally important, that sale actually reduced their holding by a full 99% which hardly makes us feel bullish about the stock.

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

Amalgamated Financial Insider Transactions Over The Last Year

Notably, that recent sale by Mandy Tenner is the biggest insider sale of Amalgamated Financial shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$29.73. 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was 99% of Mandy Tenner's holding.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Amalgamated Financial

I will like Amalgamated Financial 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 Amalgamated Financial

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Amalgamated Financial insiders own about US$11m worth of shares. That equates to 1.3% 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.

So What Does This Data Suggest About Amalgamated Financial Insiders?

An insider hasn't bought Amalgamated Financial stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Amalgamated Financial makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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. In terms of investment risks, we've identified 1 warning sign with Amalgamated Financial and understanding this should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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.