Have Insiders Sold SpartanNash Shares Recently?

We note that the SpartanNash Company (NASDAQ:SPTN) Independent Director, Hawthorne Proctor, recently sold US$98k worth of stock for US$20.81 per share. It wasn't a huge sale, but it did reduce their holding by 16%. This does not instill confidence.

Check out our latest analysis for SpartanNash

SpartanNash Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Director, William Voss, for US$197k worth of shares, at about US$21.31 per share. So what is clear is that an insider saw fit to sell at around the current price of US$19.97. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in SpartanNash didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of SpartanNash

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. We usually like to see fairly high levels of insider ownership. SpartanNash insiders own about US$13m worth of shares. That equates to 1.8% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At SpartanNash Tell Us?

An insider sold SpartanNash shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since SpartanNash is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. While we like knowing 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. Every company has risks, and we've spotted 3 warning signs for SpartanNash (of which 1 is concerning!) you should know about.

But note: SpartanNash 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.

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

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.