The Independent Director of Gannett Co., Inc. (NYSE:GCI), Theodore Janulis, Just Bought 29% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Gannett Co., Inc. (NYSE:GCI) Independent Director, Theodore Janulis, recently bought US$89k worth of stock, for US$4.46 per share. That purchase might not be huge but it did increase their holding by 29%.

Check out our latest analysis for Gannett

Gannett Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Laurence Tarica for US$122k worth of shares, at about US$1.64 per share. Even though the purchase was made at a significantly lower price than the recent price (US$4.87), we still think insider buying is a positive. 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.

Gannett insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Gannett

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Gannett insiders own 4.7% of the company, worth about US$31m. 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 Gannett Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Gannett we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Gannett you should be aware of.

Of course Gannett 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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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. 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.
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