Investors who take an interest in HollyFrontier Corporation (NYSE:HFC) should definitely note that the Independent Chairman of the Board, Franklin Myers, recently paid US$37.57 per share to buy US$124k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 12%.
The Last 12 Months Of Insider Transactions At HollyFrontier
The Executive VP & CFO Richard Voliva made the biggest insider purchase in the last 12 months. That single transaction was for US$415k worth of shares at a price of US$21.54 each. We do like to see buying, but this purchase was made at well below the current price of US$39.97. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While HollyFrontier insiders bought shares during the last year, they didn't sell. 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!
HollyFrontier is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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. HollyFrontier insiders own about US$43m worth of shares. That equates to 0.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About HollyFrontier Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest HollyFrontier insiders are well aligned, and that they may think the share price is too low. 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 HollyFrontier (of which 1 is potentially serious!) you should know about.
Of course HollyFrontier may not be the best stock to buy. So you may wish to see this free collection of high quality 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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