Howard Hughes Holdings Director Acquires 35% More Stock
Howard Hughes Holdings Inc. (NYSE:HHH) shareholders (or potential shareholders) will be happy to see that the Director, Marc Grandisson, recently bought a whopping US$1.6m worth of stock, at a price of US$64.12. Not only is that a big swing, but it increased their holding size by 35%, which is definitely great to see.
The Last 12 Months Of Insider Transactions At Howard Hughes Holdings
In fact, the recent purchase by Marc Grandisson was the biggest purchase of Howard Hughes Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$68.43. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Howard Hughes Holdings insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 32.26k shares worth US$2.1m. On the other hand they divested 22.63k shares, for US$1.6m. Overall, Howard Hughes Holdings insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Howard Hughes Holdings
Howard Hughes Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.5% of Howard Hughes Holdings shares, worth about US$62m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Howard Hughes Holdings Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Howard Hughes Holdings we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Howard Hughes Holdings. Case in point: We've spotted 2 warning signs for Howard Hughes Holdings you should be aware of, and 1 of them can't be ignored.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.