100% Of This Golden Ocean Group Insider's Holdings Were Sold

Looking at Golden Ocean Group Limited's (NASDAQ:GOGL ) insider transactions over the last year, we can see that insiders were net sellers. That is, there were more number of shares sold by insiders than there were purchased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Golden Ocean Group

The Last 12 Months Of Insider Transactions At Golden Ocean Group

The Interim CEO & CFO of Golden Ocean Management AS, Peder Carl Simonsen, made the biggest insider sale in the last 12 months. That single transaction was for US$2.5m worth of shares at a price of US$12.62 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$11.29). So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Peder Carl Simonsen.

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!

I will like Golden Ocean Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at Golden Ocean Group, though insiders do hold about US$183k worth of shares. But they may have an indirect interest through a corporate structure that we haven't picked up on. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.

So What Does This Data Suggest About Golden Ocean Group Insiders?

The fact that there have been no Golden Ocean Group insider transactions recently certainly doesn't bother us. The insider transactions at Golden Ocean Group are not inspiring us to buy. And we're not picking up on high enough insider ownership to give us any comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Golden Ocean Group. You'd be interested to know, that we found 2 warning signs for Golden Ocean Group and we suggest you have a look.

But note: Golden Ocean Group 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.