This Nicco Parks & Resorts Insider Reduced Their Stake By 23%
Viewing insider transactions for Nicco Parks & Resorts Limited's (NSE:NICCOPAR ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Nicco Parks & Resorts
Over the last year, we can see that the biggest insider sale was by the insider, Angshuman Ghosh, for ₹42m worth of shares, at about ₹85.67 per share. That means that an insider was selling shares at around the current price of ₹85.35. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). The only individual insider seller over the last year was Angshuman Ghosh.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Nicco Parks & Resorts
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).
Does Nicco Parks & Resorts Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Nicco Parks & Resorts insiders own 22% of the company, worth about ₹897m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Nicco Parks & Resorts Insiders?
It doesn't really mean much that no insider has traded Nicco Parks & Resorts shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Nicco Parks & Resorts insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Nicco Parks & Resorts. For instance, we've identified 3 warning signs for Nicco Parks & Resorts (1 is a bit concerning) you should be aware of.
But note: Nicco Parks & Resorts may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.