This Insider Has Just Sold Shares In Kingstone Companies

Investors may wish to note that the Independent Director of Kingstone Companies, Inc., Carla D'Andre, recently netted US$87k from selling stock, receiving an average price of US$17.47. On the bright side, that's just a small sale and only reduced their holding by 5.3%.

Our free stock report includes 3 warning signs investors should be aware of before investing in Kingstone Companies. Read for free now.

Kingstone Companies Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairman Thomas Newgarden for US$195k worth of shares, at about US$13.45 per share. We do like to see buying, but this purchase was made at well below the current price of US$15.96. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Over the last year, we can see that insiders have bought 20.61k shares worth US$255k. But they sold 20.25k shares for US$334k. In total, Kingstone Companies insiders sold more than they bought over the last year. 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!

Check out our latest analysis for Kingstone Companies

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Does Kingstone Companies Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Kingstone Companies insiders own 14% of the company, worth about US$30m. 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 Do The Kingstone Companies Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Kingstone Companies 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. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Kingstone Companies has 3 warning signs and it would be unwise to ignore them.

But note: Kingstone Companies 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.

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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.