Yahoo Finance Christopher Ryan Is The Executive Chairman of Lakeland Industries, Inc. (NASDAQ:LAKE) And They Just Picked Up 4.6% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Lakeland Industries, Inc. (NASDAQ:LAKE) Executive Chairman, Christopher Ryan, recently bought US$59k worth of stock, for US$11.75 per share. However, it only increased their shares held by 4.6%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Lakeland Industries
Lakeland Industries Insider Transactions Over The Last Year
In fact, the recent purchase by Christopher Ryan was the biggest purchase of Lakeland Industries shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$11.70 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Lakeland Industries insiders were buying shares, but not selling. 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!
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 Lakeland Industries Boast High 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. Based on our data, Lakeland Industries insiders have about 4.2% of the stock, worth approximately US$3.7m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Lakeland Industries Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Lakeland Industries stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Lakeland Industries. At Simply Wall St, we found 2 warning signs for Lakeland Industries that deserve your attention before buying any shares.
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, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
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