Albany International Senior VP & CTO Robert Hansen Sells 36% Of Holding

Anyone interested in Albany International Corp. (NYSE:AIN) should probably be aware that the Senior VP & CTO, Robert Hansen, recently divested US$390k worth of shares in the company, at an average price of US$93.60 each. The eyebrow raising move amounted to a reduction of 36% in their holding.

View our latest analysis for Albany International

The Last 12 Months Of Insider Transactions At Albany International

In fact, the recent sale by Robert Hansen was the biggest sale of Albany International shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of US$94.50, 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 36% of Robert Hansen's holding.

Robert Hansen divested 6.07k shares over the last 12 months at an average price of US$96.21. 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!

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Does Albany International 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. Albany International insiders own about US$25m worth of shares. That equates to 0.8% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Albany International Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Albany International. You'd be interested to know, that we found 3 warning signs for Albany International and we suggest you have a look.

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. 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.