Insider Stock Buyers At TrueBlue Recouped Some Losses This Week

Some of the losses seen by insiders who purchased US$424.9k worth of TrueBlue, Inc. (NYSE:TBI) shares over the past year were recovered after the stock increased by 12% over the past week. However, the purchase is proving to be a costly gamble, since losses made by insiders have totalled US$113k since the time of purchase.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for TrueBlue

The Last 12 Months Of Insider Transactions At TrueBlue

The Independent Director Robert Kreidler made the biggest insider purchase in the last 12 months. That single transaction was for US$111k worth of shares at a price of US$11.07 each. That means that an insider was happy to buy shares at above the current price of US$8.41. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

TrueBlue insiders may have bought shares in the last year, but they didn't sell any. 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!

TrueBlue is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of TrueBlue

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that TrueBlue insiders own about US$7.2m worth of shares (which is 3.0% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At TrueBlue Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if TrueBlue insiders bought more shares in the company. Of course, the future is what matters most. So if you are interested in TrueBlue, you should check out this free report on analyst forecasts for the company.

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 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.