Have Insiders Sold Broadstone Net Lease, Inc. (NYSE:BNL) Shares Recently?

Simply Wall St
June 11, 2021
Source: Shutterstock

We note that the Broadstone Net Lease, Inc. (NYSE:BNL) Senior Vice President of Human Resources, Molly Wiegel, recently sold US$99k worth of stock for US$24.64 per share. It might not be a huge sale, but it did reduce their holding size 14%, hardly encouraging.

Check out our latest analysis for Broadstone Net Lease

The Last 12 Months Of Insider Transactions At Broadstone Net Lease

In fact, the recent sale by Molly Wiegel was the biggest sale of Broadstone Net Lease shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (US$25.17). 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 14%of Molly Wiegel's holding.

Broadstone Net Lease insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NYSE:BNL Insider Trading Volume June 12th 2021

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Broadstone Net Lease insiders own about US$91m worth of shares. That equates to 2.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Broadstone Net Lease Insiders?

Insiders sold Broadstone Net Lease shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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. Every company has risks, and we've spotted 5 warning signs for Broadstone Net Lease (of which 1 doesn't sit too well with us!) you should know about.

Of course Broadstone Net Lease 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.

When trading Broadstone Net Lease or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.

Make Confident Investment Decisions

Simply Wall St's Editorial Team provides unbiased, factual reporting on global stocks using in-depth fundamental analysis.
Find out more about our editorial guidelines and team.