Melanie Berman Is The Senior VP & Chief Human Resources Officer of NiSource Inc. (NYSE:NI) And They Just Sold 41% Of Their Shares

We'd be surprised if NiSource Inc. (NYSE:NI) shareholders haven't noticed that the Senior VP & Chief Human Resources Officer, Melanie Berman, recently sold US$135k worth of stock at US$27.89 per share. That sale was 41% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for NiSource

NiSource Insider Transactions Over The Last Year

Notably, that recent sale by Melanie Berman is the biggest insider sale of NiSource shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$26.98. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. 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).

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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of NiSource

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that NiSource insiders own 0.4% of the company, worth about US$41m. 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 Do The NiSource Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, NiSource makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. 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. Every company has risks, and we've spotted 3 warning signs for NiSource (of which 1 is significant!) you should know about.

Of course NiSource 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, but not derivative transactions.

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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.