Trade Alert: Non-Independent Non-Executive Director Of Haverty Furniture Companies J. Haverty Has Sold Stock

We'd be surprised if Haverty Furniture Companies, Inc. (NYSE:HVT) shareholders haven't noticed that the Non-Independent Non-Executive Director, J. Haverty, recently sold US$343k worth of stock at US$22.84 per share. The eyebrow raising move amounted to a reduction of 34% in their holding.

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Haverty Furniture Companies Insider Transactions Over The Last Year

In fact, the recent sale by J. Haverty was the biggest sale of Haverty Furniture Companies shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$22.55. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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).

J. Haverty ditched 28.22k shares over the year. The average price per share was US$15.58. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Haverty Furniture Companies

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 8.4% of Haverty Furniture Companies shares, worth about US$31m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Haverty Furniture Companies Insiders?

An insider hasn't bought Haverty Furniture Companies stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. 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. In terms of investment risks, we've identified 3 warning signs with Haverty Furniture Companies and understanding these should be part of your investment process.

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.