Executive VP & COO Of MasterBrand Sold 32% Of Their Shares
We'd be surprised if MasterBrand, Inc. (NYSE:MBC) shareholders haven't noticed that the Executive VP & COO, Kurt Wanninger, recently sold US$461k worth of stock at US$9.22 per share. That sale was 32% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At MasterBrand
The CEO, President & Director R. Banyard made the biggest insider purchase in the last 12 months. That single transaction was for US$506k worth of shares at a price of US$8.43 each. That means that an insider was happy to buy shares at around the current price of US$9.15. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for MasterBrand share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 81.59k shares for US$696k. But insiders sold 88.01k shares worth US$799k. Over the last year we saw more insider selling of MasterBrand shares, than buying. 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!
Check out our latest analysis for MasterBrand
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Does MasterBrand 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. MasterBrand insiders own about US$17m worth of shares. That equates to 0.9% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At MasterBrand Tell Us?
Unfortunately, there has been more insider selling of MasterBrand stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 4 warning signs for MasterBrand you should be aware of, and 3 of them are a bit unpleasant.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.