Yahoo Finance A Tsakos Energy Navigation Limited (NYSE:TNP) insider increased their holdings by 13% last year
Looking at Tsakos Energy Navigation Limited's (NYSE:TNP ) 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 we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Tsakos Energy Navigation
Tsakos Energy Navigation Insider Transactions Over The Last Year
The Founder Nikolas Tsakos made the biggest insider purchase in the last 12 months. That single transaction was for US$2.0m worth of shares at a price of US$11.61 each. We do like to see buying, but this purchase was made at well below the current price of US$18.14. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
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 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).
Does Tsakos Energy Navigation Boast High Insider Ownership?
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. It appears that Tsakos Energy Navigation insiders own 13% of the company, worth about US$65m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Tsakos Energy Navigation Insiders?
It doesn't really mean much that no insider has traded Tsakos Energy Navigation shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Tsakos Energy Navigation and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 2 warning signs for Tsakos Energy Navigation (1 is concerning!) and we strongly recommend you look at them before investing.
Of course Tsakos Energy Navigation 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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