Don't Ignore The Fact That This Insider Just Sold Some Shares In Altra Industrial Motion Corp. (NASDAQ:AIMC)

We note that the Altra Industrial Motion Corp. (NASDAQ:AIMC) Chief Accounting Officer, Todd Patriacca, recently sold US$61k worth of stock for US$61.24 per share. However we note that the sale only shrunk their holding by 7.5%.

Check out our latest analysis for Altra Industrial Motion

Altra Industrial Motion Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, Carl Christenson, for US$1.1m worth of shares, at about US$57.09 per share. That means that even when the share price was below the current price of US$60.49, an insider wanted to cash in some shares. 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. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 9.7% of Carl Christenson's holding. Notably Carl Christenson was also the biggest buyer, having purchased US$172k worth of shares.

All up, insiders sold more shares in Altra Industrial Motion than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Altra Industrial Motion insiders own about US$35m worth of shares. That equates to 0.9% of the company. 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 Altra Industrial Motion Tell Us?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Altra Industrial Motion. Every company has risks, and we've spotted 1 warning sign for Altra Industrial Motion you should know about.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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