President Ann Fox Sold A Bunch Of Shares In Nine Energy Service

Anyone interested in Nine Energy Service, Inc. (NYSE:NINE) should probably be aware that the President, Ann Fox, recently divested US$218k worth of shares in the company, at an average price of US$1.10 each. The eyebrow raising move amounted to a reduction of 26% in their holding.

View our latest analysis for Nine Energy Service

The Last 12 Months Of Insider Transactions At Nine Energy Service

Over the last year, we can see that the biggest insider purchase was by insider William Monroe for US$1.9m worth of shares, at about US$1.61 per share. That means that even when the share price was higher than US$1.44 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. William Monroe was the only individual insider to buy during the last year.

William Monroe purchased 1.67m shares over the year. The average price per share was US$1.57. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Nine Energy Service

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. Insiders own 26% of Nine Energy Service shares, worth about US$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Nine Energy Service Tell Us?

Insiders sold stock recently, but they haven't been buying. But we take heart from prior transactions. It's good to see insiders are shareholders. So we're happy enough to look past some selling. 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. Our analysis shows 6 warning signs for Nine Energy Service (1 is a bit unpleasant!) and we strongly recommend you look at them before investing.

But note: Nine Energy Service 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.