Director Douglas Manditch Just Bought 61% More Shares In Flushing Financial Corporation (NASDAQ:FFIC)

Potential Flushing Financial Corporation (NASDAQ:FFIC) shareholders may wish to note that the Director, Douglas Manditch, recently bought US$381k worth of stock, paying US$14.10 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 61%.

Check out our latest analysis for Flushing Financial

Flushing Financial Insider Transactions Over The Last Year

Notably, that recent purchase by Douglas Manditch is the biggest insider purchase of Flushing Financial shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$14.96. 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. The good news for Flushing Financial share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 43.10k shares for US$580k. But insiders sold 9.00k shares worth US$185k. In the last twelve months there was more buying than selling by Flushing Financial insiders. 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!

Flushing Financial is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Flushing Financial insiders own 4.7% of the company, worth about US$20m. 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 Do The Flushing Financial Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Flushing Financial insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Flushing Financial has 1 warning sign we think you should be aware of.

But note: Flushing Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.

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