Senior Vice President of Alaska Vicente Angoco Sold A Bunch Of Shares In Matson

Some Matson, Inc. (NYSE:MATX) shareholders may be a little concerned to see that the Senior Vice President of Alaska, Vicente Angoco, recently sold a substantial US$1.5m worth of stock at a price of US$135 per share. That sale reduced their total holding by 42% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for Matson

The Last 12 Months Of Insider Transactions At Matson

In fact, the recent sale by Vicente Angoco was the biggest sale of Matson shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$129. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

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

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Insider Ownership Of Matson

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. Matson insiders own about US$97m worth of shares. That equates to 2.2% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Matson Insider Transactions Indicate?

Insiders haven't bought Matson stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Matson is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 2 warning signs we've spotted with Matson (including 1 which is potentially serious).

But note: Matson 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.