Yahoo Finance Joshua Hicks Bought 40% More Shares In Rayonier Advanced Materials \
Even if it's not a huge purchase, we think it was good to see that Joshua Hicks, the Senior Vice President of High Purity Cellulose of Rayonier Advanced Materials Inc. (NYSE:RYAM) recently shelled out US$93k to buy stock, at US$4.63 per share. That purchase might not be huge but it did increase their holding by 40%.
Check out our latest analysis for Rayonier Advanced Materials
The Last 12 Months Of Insider Transactions At Rayonier Advanced Materials
In fact, the recent purchase by Joshua Hicks was the biggest purchase of Rayonier Advanced Materials shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$4.63. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Rayonier Advanced Materials insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
Insider Ownership Of Rayonier Advanced Materials
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Rayonier Advanced Materials insiders own about US$14m worth of shares. That equates to 4.7% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Rayonier Advanced Materials Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Rayonier Advanced Materials 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 Rayonier Advanced Materials. To that end, you should learn about the 3 warning signs we've spotted with Rayonier Advanced Materials (including 2 which are significant).
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.
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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.
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