Senior Vice President of Real Estate Development Christopher Corr Just Sold A Bunch Of Shares In Rayonier Inc. (NYSE:RYN)

By
Simply Wall St
Published
March 23, 2022
NYSE:RYN
Source: Shutterstock

Some Rayonier Inc. (NYSE:RYN) shareholders may be a little concerned to see that the Senior Vice President of Real Estate Development, Christopher Corr, recently sold a substantial US$739k worth of stock at a price of US$42.32 per share. That's a big disposal, and it decreased their holding size by 34%, which is notable but not too bad.

Check out our latest analysis for Rayonier

Rayonier Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the President, David Nunes, for US$7.6m worth of shares, at about US$38.02 per share. That means that an insider was selling shares at slightly below the current price (US$41.00). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was 66% of David Nunes's holding.

Insiders in Rayonier didn't buy any shares in 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:RYN Insider Trading Volume March 23rd 2022

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Rayonier

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.5% of Rayonier shares, worth about US$32m. 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 Rayonier Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. On the plus side, Rayonier makes money, and is growing profits. While insiders do own shares, they don't own a heap, and they have been selling. 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. Be aware that Rayonier is showing 5 warning signs in our investment analysis, and 1 of those is potentially serious...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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