Don't Ignore The Insider Selling In MarineMax

We'd be surprised if MarineMax, Inc. (NYSE:HZO) shareholders haven't noticed that the Lead Independent Director, G. Moore, recently sold US$126k worth of stock at US$30.63 per share. The eyebrow raising move amounted to a reduction of 15% in their holding.

Check out our latest analysis for MarineMax

The Last 12 Months Of Insider Transactions At MarineMax

The Executive VP & Chief Revenue Officer, Charles Cashman, made the biggest insider sale in the last 12 months. That single transaction was for US$401k worth of shares at a price of US$32.08 each. So we know that an insider sold shares at around the present share price of US$30.43. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in MarineMax didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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: Most of them are flying under the radar).

Insider Ownership Of MarineMax

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 3.9% of MarineMax shares, worth about US$25m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At MarineMax Tell Us?

Insiders haven't bought MarineMax stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with MarineMax (including 1 which is significant).

But note: MarineMax 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 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.