This Insider Has Just Sold Shares In Rayonier Inc. (NYSE:RYN)

We'd be surprised if Rayonier Inc. (NYSE:RYN) shareholders haven't noticed that the President, David Nunes, recently sold US$229k worth of stock at US$30.50 per share. On the bright side, that sale was only 2.3% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for Rayonier

Rayonier Insider Transactions Over The Last Year

In fact, the recent sale by David Nunes was the biggest sale of Rayonier 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$29.48. While we don't usually like to see insider selling, it's more concerning if the sales take place 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 can see that insiders have bought 10.52k shares worth US$260k. But they sold 19.50k shares for US$560k. All up, insiders sold more shares in Rayonier than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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).

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Rayonier insiders own 0.6% of the company, worth about US$24m. 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 Rayonier Insiders?

Insiders sold Rayonier shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. But since Rayonier is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! 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. To help with this, we've discovered 6 warning signs (2 are concerning!) that you ought to be aware of before buying any shares in Rayonier.

Of course Rayonier 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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