President of Mayville Engineering Company Jagadeesh Reddy Buys 7.0% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Mayville Engineering Company, Inc. (NYSE:MEC) President, Jagadeesh Reddy, recently bought US$99k worth of stock, for US$16.72 per share. However, it only increased their shares held by 7.0%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Mayville Engineering Company

The Last 12 Months Of Insider Transactions At Mayville Engineering Company

Over the last year, we can see that the biggest insider sale was by the Executive Vice President of Strategy, Ryan Raber, for US$412k worth of shares, at about US$19.15 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$17.15. So it may not tell us anything about how insiders feel about the current share price. Ryan Raber was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid US$197k for 12.68k shares. But insiders sold 21.51k shares worth US$412k. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership Of Mayville Engineering Company

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Mayville Engineering Company insiders own 6.8% of the company, worth about US$24m. 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 Mayville Engineering Company Tell Us?

Unfortunately, there has been more insider selling of Mayville Engineering Company stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But since Mayville Engineering Company is profitable and growing, we're not too worried by this. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! While it's good to be aware of 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. Be aware that Mayville Engineering Company is showing 2 warning signs in our investment analysis, and 1 of those is a bit concerning...

But note: Mayville Engineering Company 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.