Craig MacKay Bought 1,198% More Shares In Carver Bancorp

Even if it's not a huge purchase, we think it was good to see that Craig MacKay, the Director of Carver Bancorp, Inc. (NASDAQ:CARV) recently shelled out US$100k to buy stock, at US$1.67 per share. Even though that isn't a massive buy, it did increase their holding by 1,198%, which is arguably a good sign.

View our latest analysis for Carver Bancorp

The Last 12 Months Of Insider Transactions At Carver Bancorp

In fact, the recent purchase by Craig MacKay was the biggest purchase of Carver Bancorp shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$1.84. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Carver Bancorp insiders decided to buy shares at close to current prices.

In the last twelve months Carver Bancorp insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Carver Bancorp Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Carver Bancorp insiders own about US$1.4m worth of shares (which is 15% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Carver Bancorp Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Carver Bancorp stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Carver Bancorp. To that end, you should learn about the 2 warning signs we've spotted with Carver Bancorp (including 1 which is a bit unpleasant).

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.