Insider Spends US$160k Buying More Shares In Caleres

Investors who take an interest in Caleres, Inc. (NYSE:CAL) should definitely note that the Independent Director, Lori Greeley, recently paid US$17.77 per share to buy US$160k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 900%.

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Caleres Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Carla Hendra, sold US$177k worth of shares at a price of US$33.07 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$17.71. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Carla Hendra.

In the last twelve months insiders purchased 14.00k shares for US$260k. But insiders sold 5.35k shares worth US$177k. In total, Caleres insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Caleres

Caleres is not the only stock insiders are buying. So take a peek at this free list of under-the-radar 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 Caleres insiders own 4.3% of the company, worth about US$25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Caleres Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Caleres 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Caleres.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.