We note that the The Providence Service Corporation (NASDAQ:PRSC) Interim Chief Executive Officer, R. Pate, recently sold US$70k worth of stock for US$69.67 per share. On the bright side, that’s just a small sale and only reduced their holding by 4.1%.
The Last 12 Months Of Insider Transactions At Providence Service
In fact, the recent sale by R. Pate was the biggest sale of Providence Service shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$62.12. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Happily, we note that in the last year insiders paid US$108k for 1864 shares. But they sold 1000 for US$70k. In the last twelve months there was more buying than selling by Providence Service insiders. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, 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. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Providence Service insiders own 1.1% of the company, worth about US$8.8m. Whilst better than nothing, we’re not overly impressed by these holdings.
So What Does This Data Suggest About Providence Service Insiders?
Insider selling has just outweighed insider buying in the last three months. But the difference is small, and thus, not concerning. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we’d be more comfortable if they owned more Providence Service stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Providence Service.
Of course Providence Service 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.