SunCoke Energy Senior Vice President of Commercial Operations Acquires 4.8% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the SunCoke Energy, Inc. (NYSE:SXC) Senior Vice President of Commercial Operations, Phillip Hardesty, recently bought US$80k worth of stock, for US$6.64 per share. Although the purchase is not a big one, increasing their shareholding by only 4.8%, it can be interpreted as a good sign.

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SunCoke Energy Insider Transactions Over The Last Year

Notably, that recent purchase by Phillip Hardesty 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$6.76 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 insiders decided to buy shares at close to current prices.

In the last twelve months SunCoke Energy insiders were buying shares, but not selling. 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!

View our latest analysis for SunCoke Energy

SunCoke Energy 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 SunCoke Energy

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From our data, it seems that SunCoke Energy insiders own 0.9% of the company, worth about US$5.1m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At SunCoke Energy Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that SunCoke Energy insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 3 warning signs for SunCoke Energy (2 are a bit concerning!) and we strongly recommend you look at them before investing.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.