We would not blame Six Flags Leisure Company (NYSE:SIX) shareholders in the event that they have been just a little fearful about the truth that Kurt Cellar, the Impartial Director just lately netted about US$1.2m promoting shares at a median value of US$49.81. That is a giant disposal, and it decreased their holding dimension by 27%, which is notable however not too dangerous.
Six Flags Leisure Insider Transactions Over The Final Yr
Notably, that latest sale by Kurt Cellar is the largest insider sale of Six Flags Leisure shares that we have seen within the final yr. That signifies that an insider was promoting shares at across the present value of US$48.91. We typically do not wish to see insider promoting, however the decrease the sale value, the extra it issues us. We observe that this sale happened at across the present value, so it is not a serious concern, although it is hardly a superb signal.
All up, insiders offered extra shares in Six Flags Leisure than they purchased, over the past yr. The chart beneath reveals insider transactions (by corporations and people) over the past yr. In the event you click on on the chart, you’ll be able to see all the person transactions, together with the share value, particular person, and the date!
If you’re like me, then you’ll not need to miss this free list of growing companies that insiders are buying.
I like to take a look at what number of shares insiders personal in an organization, to assist inform my view of how aligned they’re with insiders. We often wish to see pretty excessive ranges of insider possession. Six Flags Leisure insiders personal 6.4% of the corporate, at present value about US$268m based mostly on the latest share value. I wish to see this degree of insider possession, as a result of it will increase the possibilities that administration are fascinated about the perfect pursuits of shareholders.
What May The Insider Transactions At Six Flags Leisure Inform Us?
An insider offered inventory just lately, however they have not been shopping for. And our long run evaluation of insider transactions did not deliver confidence, both. Whereas insiders do personal a number of shares within the firm (which is nice), our evaluation of their transactions does not make us really feel assured in regards to the firm. Whereas we like understanding what is going on on with the insider’s possession and transactions, we ensure that to additionally contemplate what dangers are going through a inventory earlier than making any funding determination. Our evaluation reveals 4 warning signs for Six Flags Entertainment (2 are probably critical!) and we strongly advocate you have a look at these earlier than investing.
However observe: Six Flags Leisure might not be the perfect inventory to purchase. So take a peek at this free list of interesting companies with high ROE and low debt.
For the needs of this text, insiders are these people who report their transactions to the related regulatory physique. We at present account for open market transactions and personal tendencies, however not by-product transactions.
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