We'd be surprised if One Liberty Properties, Inc. (NYSE:OLP) shareholders haven't noticed that the Executive VP & COO, Lawrence Ricketts, recently sold US$236k worth of stock at US$23.64 per share. On the bright side, that sale was only 6.5% of their holding, so we doubt it's very meaningful, on its own.
One Liberty Properties Insider Transactions Over The Last Year
In fact, the recent sale by Lawrence Ricketts was the biggest sale of One Liberty Properties shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$22.65. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year we saw more insider selling of One Liberty Properties shares, than buying. 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!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does One Liberty Properties Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. One Liberty Properties insiders own about US$61m worth of shares. That equates to 13% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About One Liberty Properties Insiders?
An insider sold One Liberty Properties shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, One Liberty Properties makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! 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 5 warning signs for One Liberty Properties you should be aware of, and 2 of these are concerning.
But note: One Liberty Properties may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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