Yahoo Finance One CBL & Associates Properties, Inc. (NYSE:CBL) insider upped their stake in the previous year
Looking at CBL & Associates Properties, Inc.'s (NYSE:CBL ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for CBL & Associates Properties
CBL & Associates Properties Insider Transactions Over The Last Year
The Lead Independent Director David Contis made the biggest insider purchase in the last 12 months. That single transaction was for US$260k worth of shares at a price of US$30.61 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$29.31). 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. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. David Contis was the only individual insider to buy shares in the last twelve months.
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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
CBL & Associates Properties Insiders Bought Stock Recently
At CBL & Associates Properties,over the last quarter, we have observed quite a lot more insider buying than insider selling. In total, Lead Independent Director David Contis bought US$260k worth of shares in that time. On the other hand, Chief Legal Officer & Secretary Jeffery Curry netted US$5.7k by selling. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
Insider Ownership of CBL & Associates Properties
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. CBL & Associates Properties insiders own about US$20m worth of shares. That equates to 3.4% 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 CBL & Associates Properties Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of CBL & Associates Properties 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 CBL & Associates Properties. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of CBL & Associates Properties.
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.
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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.
