The Chairman of the Board of CBL & Associates Properties, Inc. (NYSE:CBL), Jonathan Heller, Just Bought 1,200% More Shares

April 23, 2022
  •  Updated
August 24, 2022
NYSE:CBL
Source: Shutterstock

CBL & Associates Properties, Inc. (NYSE:CBL) shareholders (or potential shareholders) will be happy to see that the Chairman of the Board, Jonathan Heller, recently bought a whopping US$3.2m worth of stock, at a price of US$32.25. That increased their holding by a full 1,200%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

View our latest analysis for CBL & Associates Properties

CBL & Associates Properties Insider Transactions Over The Last Year

Notably, that recent purchase by Jonathan Heller is the biggest insider purchase of CBL & Associates Properties shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$29.09). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Over the last year, we can see that insiders have bought 108.50k shares worth US$3.5m. On the other hand they divested 199.00 shares, for US$6.0k. In total, CBL & Associates Properties insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:CBL Insider Trading Volume April 23rd 2022

CBL & Associates Properties is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that CBL & Associates Properties insiders own 5.9% of the company, worth about US$55m. 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 Does This Data Suggest About CBL & Associates Properties Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of CBL & Associates Properties we think they are probably pretty confident of 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. Every company has risks, and we've spotted 1 warning sign for CBL & Associates Properties you should know about.

Of course CBL & Associates Properties 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.

Valuation is complex, but we're helping make it simple.

Find out whether CBL & Associates Properties is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis