Yahoo Finance The Independent Director of Big Lots, Inc. (NYSE:BIG), Marla Gottschalk, Just Bought 12% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Big Lots, Inc. (NYSE:BIG) Independent Director, Marla Gottschalk, recently bought US$50k worth of stock, for US$27.06 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 12%.
Check out our latest analysis for Big Lots
The Last 12 Months Of Insider Transactions At Big Lots
In fact, the recent purchase by Marla Gottschalk was the biggest purchase of Big Lots 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$29.19. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Big Lots share holders is that an insider was buying at near the current price. Marla Gottschalk was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by 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!
Big Lots is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Big Lots Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Big Lots insiders own 1.3% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Big Lots Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Big Lots shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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