Something Golden Entertainment, Inc. (NASDAQ: GDEN) Shareholders may be a little concerned that director, Lyle Berman, recently sold $ 5.0 million of shares at $ 24.96 per share. That sale reduced their overall stake by 17%, which is hardly insignificant, but far from the worst we’ve ever seen.
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The last 12 months of insider trading at Golden Entertainment
In particular, the recent Lyle Berman sale is the largest insider sale of Golden Entertainment stock we’ve seen in the past year. That said, even if the stock price was below its current price of $ 27.61, an insider wanted to redeem some stocks. We usually find it daunting when insiders sell below current price as it suggests they were happy with a lower valuation. Please note, however, that sellers can sell for a variety of reasons, so we do not know exactly what they think of the stock price. We find that the largest single sale was only 17% of Lyle Berman’s stake.
Golden Entertainment insiders have not bought any company shares in the past year. The following table shows the insider transactions (by companies and individuals) over the past year. If you want to know exactly who sold how much and when, just click on the graphic below!
NasdaqGM: GDEN Insider Trading Volume March 28, 2021
If you’re looking to buy stocks that insiders are buying instead of selling, then you might love this free List of companies. (Note: Insiders bought them).
Many investors enjoy checking out how much of a company is owned by insiders. I think it’s a good sign when insiders own a significant number of shares in the company. Golden Entertainment insiders own approximately $ 97 million worth of shares. That corresponds to 13% of the company. We have certainly seen higher levels of insider ownership elsewhere, but these levels are sufficient to suggest an alignment between insiders and the other shareholders.
What does this data suggest to Golden Entertainment insiders?
An insider hasn’t bought any Golden Entertainment stock in the past three months, but there have been some sales. And even if we look at the past year, we haven’t seen any purchases. While insiders own stocks, they don’t own a bunch and have sold. So we would only buy after careful consideration. While we like to know what’s going on with the insider’s property and transactions, we should also consider the risks a stock is exposed to before making any investment decision. In conducting our analysis, we found that Golden Entertainment did this 1 warning sign and it would be unwise to ignore it.
If you’d rather try another company – one with potentially superior financials – this is not to be missed free List of interesting companies with high return on equity and low debt.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
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