Don't Ignore The Insider Selling In Hingham Institution for Savings

Investors may wish to note that the Clerk & Independent Director of Hingham Institution for Savings, Jacqueline Youngworth, recently netted US$71k from selling stock, receiving an average price of US$236. On the bright side, that's just a small sale and only reduced their holding by 1.5%.

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The Last 12 Months Of Insider Transactions At Hingham Institution for Savings

Over the last year, we can see that the biggest insider sale was by the Independent Director, Geoffrey Wilkinson, for US$169k worth of shares, at about US$169 per share. That means that an insider was selling shares at slightly below the current price (US$237). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. 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 only 5.3% of Geoffrey Wilkinson's holding.

In the last twelve months insiders purchased 1.33k shares for US$304k. But they sold 2.65k shares for US$560k. All up, insiders sold more shares in Hingham Institution for Savings than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Hingham Institution for Savings

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Does Hingham Institution for Savings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Hingham Institution for Savings insiders own 15% of the company, worth about US$75m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Hingham Institution for Savings Insiders?

We note that there's been a little more insider selling than buying, recently. But the difference isn't enough to have us worried. We're a little cautious about the insider selling at Hingham Institution for Savings. But it's good to see that insiders own shares in the company. 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. At Simply Wall St, we've found that Hingham Institution for Savings has 2 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.

But note: Hingham Institution for Savings 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 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.