Yahoo Finance CEO & Director of Entravision Communications Michael Christenson Buys 33% More Shares
Investors who take an interest in Entravision Communications Corporation (NYSE:EVC) should definitely note that the CEO & Director, Michael Christenson, recently paid US$1.67 per share to buy US$167k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 33%.
See our latest analysis for Entravision Communications
Entravision Communications Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Chief Strategy Officer, Juan Von Wuthenau, for US$1.0m worth of shares, at about US$4.64 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$1.49). So it may not shed much light on insider confidence at current levels. Juan Von Wuthenau was the only individual insider to sell over the last year.
In the last twelve months insiders purchased 412.68k shares for US$1.4m. But insiders sold 215.99k shares worth US$1.0m. In total, Entravision Communications insiders bought more than they sold over the last year. Their average price was about US$3.34. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Entravision Communications Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Entravision Communications insiders own about US$23m worth of shares. That equates to 18% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Entravision Communications Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Entravision Communications 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 Entravision Communications. Be aware that Entravision Communications is showing 4 warning signs in our investment analysis, and 1 of those is a bit concerning...
Of course Entravision Communications may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
