Yahoo Finance Steven Webster Is The Independent Director of Oceaneering International, Inc. (NYSE:OII) And They Just Picked Up 25% More Shares
Investors who take an interest in Oceaneering International, Inc. (NYSE:OII) should definitely note that the Independent Director, Steven Webster, recently paid US$7.67 per share to buy US$192k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 25%.
See our latest analysis for Oceaneering International
The Last 12 Months Of Insider Transactions At Oceaneering International
In fact, the recent purchase by Independent Director Steven Webster was not their only acquisition of Oceaneering International shares this year. Earlier in the year, they paid US$8.72 per share in a US$218k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$7.88). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$430k for 52.60k shares. But they sold 15.93k shares for US$195k. In the last twelve months there was more buying than selling by Oceaneering International insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Oceaneering International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Oceaneering International
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with 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. Insiders own 1.7% of Oceaneering International shares, worth about US$13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Oceaneering International Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Oceaneering International we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for Oceaneering International you should know about.
Of course Oceaneering International may not be the best stock to buy. So you may wish to see this free collection of high quality 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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