Whilst it may not be a huge deal, we thought it was good to see that the SunCoke Energy, Inc. (NYSE:SXC) Non-Executive Chairman & Lead Director, John Rowe, recently bought US$94k worth of stock, for US$5.91 per share. Even though that isn’t a massive buy, it did increase their holding by 319.5%, which is a arguably a good sign.
The Last 12 Months Of Insider Transactions At SunCoke Energy
Notably, that recent purchase by John Rowe is the biggest insider purchase of SunCoke Energy shares that we’ve seen in the last year. That implies that an insider found the current price of US$6.28 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today’s share price, as the discount to value may have narrowed with the rising price. Happily, the SunCoke Energy insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was John Rowe.
The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. 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$2.6m worth of SunCoke Energy stock, about 0.5% of the company. I generally like to see higher levels of ownership.
So What Does This Data Suggest About SunCoke Energy Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on SunCoke Energy stock. Of course, the future is what matters most. So if you are interested in SunCoke Energy, you should check out this free report on analyst forecasts for the company.
Of course SunCoke Energy 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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