This Insider Has Just Sold Shares In Provident Financial Holdings

Investors may wish to note that an insider of Provident Financial Holdings, Inc., Gwendolyn Wertz, recently netted US$75k from selling stock, receiving an average price of US$15.64. It might not be a huge sale, but it did reduce their holding size 15%, hardly encouraging.

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Provident Financial Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Gwendolyn Wertz is the biggest insider sale of Provident Financial Holdings shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$15.50. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Gwendolyn Wertz divested 6.74k shares over the last 12 months at an average price of US$15.57. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Provident Financial Holdings

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 12% of Provident Financial Holdings shares, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Provident Financial Holdings Tell Us?

An insider sold Provident Financial Holdings shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Provident Financial Holdings.

But note: Provident Financial Holdings 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.