Have Genie Energy Insiders Been Selling Stock?

Investors may wish to note that the Ex-officio Director of Genie Energy Ltd., James Courter, recently netted US$63k from selling stock, receiving an average price of US$17.19. However we note that the sale only shrunk their holding by 1.2%.

View our latest analysis for Genie Energy

Genie Energy Insider Transactions Over The Last Year

Notably, that recent sale by Ex-officio Director James Courter was not the only time they sold Genie Energy shares this year. They previously made an even bigger sale of -US$671k worth of shares at a price of US$24.64 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$16.80. So it may not tell us anything about how insiders feel about the current share price.

Insiders in Genie Energy didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It appears that Genie Energy insiders own 20% of the company, worth about US$92m. 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 Genie Energy Insider Transactions Indicate?

Insiders sold Genie Energy shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! 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. At Simply Wall St, we found 3 warning signs for Genie Energy that deserve your attention before buying any shares.

Of course Genie Energy may not be the best stock to buy. So you may wish to see this free collection of high quality 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.