Hain Celestial Group Independent Director Acquires 477% More Stock

Investors who take an interest in The Hain Celestial Group, Inc. (NASDAQ:HAIN) should definitely note that the Independent Director, Michael Sims, recently paid US$1.61 per share to buy US$373k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 477%.

We've discovered 2 warning signs about Hain Celestial Group. View them for free.

The Last 12 Months Of Insider Transactions At Hain Celestial Group

In fact, the recent purchase by Michael Sims was the biggest purchase of Hain Celestial Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$1.74. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Hain Celestial Group insiders decided to buy shares at close to current prices.

While Hain Celestial Group insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Hain Celestial Group

Hain Celestial Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Hain Celestial Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own US$2.4m worth of Hain Celestial Group stock, about 1.5% of the company. We prefer to see high levels of insider ownership.

So What Do The Hain Celestial Group Insider Transactions Indicate?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Hain Celestial Group insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hain Celestial Group. Case in point: We've spotted 2 warning signs for Hain Celestial Group you should be aware of.

Of course Hain Celestial Group 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 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.