MasterCraft Boat Holdings Falls To US$17.96, But Insiders Sold At Lower Price

MasterCraft Boat Holdings, Inc.'s (NASDAQ:MCFT) value has fallen 10% in the last week, but insiders who sold US$139k worth of stock over the last year have had less success. Insiders might have been better off holding onto their shares, given that the average selling price of US$21.11 is still below the current share price.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for MasterCraft Boat Holdings

The Last 12 Months Of Insider Transactions At MasterCraft Boat Holdings

Over the last year, we can see that the biggest insider sale was by the Independent Director, Donald Campion, for US$139k worth of shares, at about US$21.11 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$17.96. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Donald Campion.

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: Most of them are flying under the radar).

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that MasterCraft Boat Holdings insiders own 3.6% of the company, worth about US$11m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About MasterCraft Boat Holdings Insiders?

The fact that there have been no MasterCraft Boat Holdings insider transactions recently certainly doesn't bother us. Still, the insider transactions at MasterCraft Boat Holdings in the last 12 months are not very heartening. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for MasterCraft Boat Holdings you should be aware of.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com