Six Flags Leisure Company (NYSE:SIX) insiders who bought shares within the final 12 months had been richly rewarded final week. The inventory climbed by 8.8% leading to a US$178m addition to the corporate’s market worth. Because of this, the inventory they initially purchased for US$756k is now value US$902k.
Whereas insider transactions usually are not a very powerful factor in relation to long-term investing, logic dictates it is best to pay some consideration as to if insiders are shopping for or promoting shares.
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Six Flags Leisure Insider Transactions Over The Final 12 months
During the last yr, we are able to see that the largest insider buy was by Govt VP Gary Mick for US$207k value of shares, at about US$22.28 per share. Though we prefer to see insider shopping for, we notice that this huge buy was at considerably beneath the current worth of US$26.52. As a result of the shares had been bought at a cheaper price, this specific purchase does not inform us a lot about how insiders really feel concerning the present share worth.
Gary Mick bought 34.00k shares over the yr. The common worth per share was US$22.22. You possibly can see the insider transactions (by firms and people) during the last yr depicted within the chart beneath. If you happen to 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 shouldn’t be the one inventory insiders are shopping for. So take a peek at this free checklist of rising firms with insider shopping for.
Does Six Flags Leisure Boast Excessive Insider Possession?
Wanting on the whole insider shareholdings in an organization may also help to tell your view of whether or not they’re properly aligned with widespread shareholders. We normally prefer to see pretty excessive ranges of insider possession. Six Flags Leisure insiders personal about US$19m value of shares. That equates to 0.9% of the corporate. Whereas this can be a sturdy however not excellent degree of insider possession, it is sufficient to point some alignment between administration and smaller shareholders.
So What Do The Six Flags Leisure Insider Transactions Point out?
The truth that there have been no Six Flags Leisure insider transactions just lately actually does not hassle us. On a brighter notice, the transactions during the last yr are encouraging. Insiders personal shares in Six Flags Leisure and we see no proof to counsel they’re fearful concerning the future. Along with understanding about insider transactions occurring, it is useful to determine the dangers going through Six Flags Leisure. To help with this, we have found 2 warning indicators that it is best to run your eye over to get a greater image of Six Flags Leisure.
After all, you may discover a unbelievable funding by wanting elsewhere. So take a peek at this free checklist of attention-grabbing firms.
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.
Valuation is complicated, however we’re serving to make it easy.
Discover out whether or not Six Flags Leisure is probably over or undervalued by trying out our complete evaluation, which incorporates honest worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.
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