Thomas Chubb Bought 2.0% More Shares In Oxford Industries
Potential Oxford Industries, Inc. (NYSE:OXM) shareholders may wish to note that the Chairman, Thomas Chubb, recently bought US$108k worth of stock, paying US$30.93 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.0%.
Oxford Industries Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman Thomas Chubb was not the only time they bought Oxford Industries shares this year. They previously made an even bigger purchase of US$176k worth of shares at a price of US$35.12 per share. That means that even when the share price was higher than US$31.53 (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. We always take careful note of the price insiders pay when purchasing 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. Thomas Chubb was the only individual insider to buy during the last year.
Thomas Chubb bought a total of 11.00k shares over the year at an average price of US$34.19. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Oxford Industries
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Oxford Industries Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Oxford Industries insiders own 4.5% of the company, worth about US$21m. 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 Do The Oxford Industries Insider Transactions Indicate?
It is good to see the recent insider purchase. 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. Insiders likely see value in Oxford Industries shares, given these transactions (along with notable insider ownership of the company). 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. In terms of investment risks, we've identified 1 warning sign with Oxford Industries and understanding it should be part of your investment process.
But note: Oxford Industries 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 of direct interests only, but not derivative transactions or indirect interests.
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