Have Sun Communities, Inc. (NYSE:SUI) Insiders Been Selling Their Stock?

By
Simply Wall St
Published
December 21, 2020

Anyone interested in Sun Communities, Inc. (NYSE:SUI) should probably be aware that the Lead Independent Director, Clunet Lewis, recently divested US$135k worth of shares in the company, at an average price of US$150 each. On the bright side, that sale was only 2.8% of their holding, so we doubt it's very meaningful, on its own.

Check out our latest analysis for Sun Communities

Sun Communities Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the President & COO, John McLaren, sold US$986k worth of shares at a price of US$171 per share. So we know that an insider sold shares at around the present share price of US$147. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

In the last year Sun Communities insiders didn't buy any company stock. 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!

NYSE:SUI Insider Trading Volume December 21st 2020

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 Sun Communities

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. Sun Communities insiders own 1.9% of the company, currently worth about US$306m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Sun Communities Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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 3 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Sun Communities.

But note: Sun Communities 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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