Have Wilmington Insiders Been Selling Stock?
We'd be surprised if Wilmington plc (LON:WIL) shareholders haven't noticed that the CEO & Executive Director, Mark Milner, recently sold UK£196k worth of stock at UK£2.74 per share. The eyebrow raising move amounted to a reduction of 12% in their holding.
The Last 12 Months Of Insider Transactions At Wilmington
In fact, the recent sale by Mark Milner was the biggest sale of Wilmington shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of UK£2.75, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 12% of Mark Milner's holding.
All up, insiders sold more shares in Wilmington than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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 Wilmington
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Insider Ownership Of Wilmington
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Wilmington insiders have about 1.1% of the stock, worth approximately UK£2.7m. We consider this fairly low insider ownership.
What Might The Insider Transactions At Wilmington Tell Us?
Insiders sold Wilmington shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Wilmington makes money, and is growing profits. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we're not rushing to buy, to say the least. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Wilmington has 4 warning signs we think you should be aware of.
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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.