Trade Alert: Senior VP & General Counsel Of Royal Gold Randy Shefman Has Sold Stock

Some Royal Gold, Inc. (NASDAQ:RGLD) shareholders may be a little concerned to see that the Senior VP & General Counsel, Randy Shefman, recently sold a substantial US$645k worth of stock at a price of US$140 per share. That sale reduced their total holding by 38% which is hardly insignificant, but far from the worst we've seen.

View our latest analysis for Royal Gold

The Last 12 Months Of Insider Transactions At Royal Gold

In fact, the recent sale by Randy Shefman was the biggest sale of Royal Gold shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$140. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in Royal Gold didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Royal Gold

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Royal Gold insiders own about US$32m worth of shares. That equates to 0.3% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Royal Gold Tell Us?

Insiders haven't bought Royal Gold stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Royal Gold is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 1 warning sign with Royal Gold and understanding it should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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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.