This Insider Has Just Sold Shares In Monarch Casino & Resort
Some Monarch Casino & Resort, Inc. (NASDAQ:MCRI) shareholders may be a little concerned to see that the Co-Chairman, John Farahi, recently sold a substantial US$620k worth of stock at a price of US$124 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 0.2%.
Monarch Casino & Resort Insider Transactions Over The Last Year
Notably, that recent sale by John Farahi is the biggest insider sale of Monarch Casino & Resort shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$117. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
John Farahi divested 14.00k shares over the last 12 months at an average price of US$116. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for Monarch Casino & Resort
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Insider Ownership Of Monarch Casino & Resort
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Monarch Casino & Resort insiders own 32% of the company, worth about US$697m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Monarch Casino & Resort Tell Us?
An insider hasn't bought Monarch Casino & Resort stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Monarch Casino & Resort is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Monarch Casino & Resort. Case in point: We've spotted 1 warning sign for Monarch Casino & Resort you should be aware of.
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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.