Have Chase Corporation (NYSEMKT:CCF) Insiders Been Selling Their Stock?

We note that the Chase Corporation (NYSEMKT:CCF) Independent Director, Lewis Gack, recently sold US$24k worth of stock for US$121 per share. On the bright side, that's just a small sale and only reduced their holding by 4.6%.

See our latest analysis for Chase

The Last 12 Months Of Insider Transactions At Chase

In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Peter Chase, sold US$200k worth of shares at a price of US$101 per share. That means that even when the share price was below the current price of US$117, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 0.2% of Peter Chase's stake.

In the last twelve months insiders netted US$658k for 6050 shares sold. In the last year Chase insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership of Chase

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Chase insiders own 14% of the company, worth about US$157m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Chase Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.

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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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.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.

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. Thank you for reading.