Buyers who take an curiosity in Six Flags Leisure Company (NYSE:SIX) ought to positively be aware that the CFO & Interim Controller, Gary Mick, just lately paid US$22.12 per share to purchase US$155k price of the inventory. We reckon that is a superb signal, particularly because the buy elevated their holding by 67%.
See our newest evaluation for Six Flags Leisure
The Final 12 Months Of Insider Transactions At Six Flags Leisure
During the last 12 months, we are able to see that the most important insider buy was by CEO, President & Government Director Selim Bassoul for US$4.4m price of shares, at about US$38.64 per share. That signifies that even when the share worth was greater than US$22.31 (the latest worth), an insider wished to buy shares. Their view could have modified since then, however a minimum of it reveals they felt optimistic on the time. We at all times take cautious be aware of the value insiders pay when buying shares. It’s typically extra encouraging in the event that they paid above the present worth, because it suggests they noticed worth, even at greater ranges.
Whereas Six Flags Leisure insiders purchased shares over the past 12 months, they did not promote. The chart under reveals insider transactions (by firms and people) during the last 12 months. When you click on on the chart, you possibly can see all the person transactions, together with the share worth, particular person, and the date!
Six Flags Leisure isn’t the one inventory insiders are shopping for. So take a peek at this free listing of rising firms with insider shopping for.
Insider Possession Of Six Flags Leisure
One other option to take a look at the alignment between the leaders of an organization and different shareholders is to take a look at what number of shares they personal. We normally prefer to see pretty excessive ranges of insider possession. Six Flags Leisure insiders personal about US$18m price of shares. That equates to 1.0% of the corporate. We have actually seen greater ranges of insider possession elsewhere, however these holdings are sufficient to recommend alignment between insiders and the opposite shareholders.
So What Does This Information Counsel About Six Flags Leisure Insiders?
It’s good to see the latest insider buy. And the long term insider transactions additionally give us confidence. When mixed with notable insider possession, these components recommend Six Flags Leisure insiders are effectively aligned, and that they might assume the share worth is just too low. Whereas we like understanding what is going on on with the insider’s possession and transactions, we be sure to additionally think about what dangers are going through a inventory earlier than making any funding choice. Living proof: We have noticed 3 warning indicators for Six Flags Leisure you have to be conscious of, and a pair of of them are vital.
However be aware: Six Flags Leisure might not be one of the best inventory to purchase. So take a peek at this free listing of fascinating firms with excessive ROE and low debt.
For the needs of this text, insiders are these people who report their transactions to the related regulatory physique. We presently account for open market transactions and personal provisions, however not spinoff transactions.
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This text by Merely Wall St is normal in nature. We offer commentary based mostly on historic knowledge and analyst forecasts solely utilizing an unbiased methodology and our articles usually are not meant to be monetary recommendation. It doesn’t represent a advice to purchase or promote any inventory, and doesn’t take account of your targets, or your monetary state of affairs. We purpose to deliver you long-term targeted evaluation pushed by elementary knowledge. Notice that our evaluation could not issue within the newest price-sensitive firm bulletins or qualitative materials. Merely Wall St has no place in any shares talked about.
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