Yahoo Finance A Newmark Group, Inc. (NASDAQ:NMRK) insider increased their holdings by 4.1% last year
From what we can see, insiders were net buyers in Newmark Group, Inc.'s (NASDAQ:NMRK ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Newmark Group
Newmark Group Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman & PEO Howard Lutnick for US$3.0m worth of shares, at about US$10.83 per share. That means that even when the share price was higher than US$6.56 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Howard Lutnick.
Howard Lutnick purchased 606.00k shares over the year. The average price per share was US$9.89. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Newmark Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Newmark Group 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. Insiders own 4.8% of Newmark Group shares, worth about US$73m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Newmark Group Tell Us?
It doesn't really mean much that no insider has traded Newmark Group shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Newmark Group and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Newmark Group. Case in point: We've spotted 4 warning signs for Newmark Group you should be aware of.
But note: Newmark Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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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