Scott Gieselman Bought 26% More Shares In Infinity Natural Resources
Investors who take an interest in Infinity Natural Resources, Inc. (NYSE:INR) should definitely note that the Independent Director, Scott Gieselman, recently paid US$12.78 per share to buy US$364k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 26%.
The Last 12 Months Of Insider Transactions At Infinity Natural Resources
Over the last year, we can see that the biggest insider sale was by the insider, David Sproule, for US$4.8m worth of shares, at about US$17.43 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$13.38). So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was David Sproule.
In the last twelve months insiders purchased 184.61k shares for US$2.4m. But insiders sold 275.00k shares worth US$4.8m. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Infinity Natural Resources
I will like Infinity Natural Resources better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Infinity Natural Resources insiders own 0.7% of the company, worth about US$5.7m. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Infinity Natural Resources Insiders?
The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Infinity Natural Resources. While conducting our analysis, we found that Infinity Natural Resources has 1 warning sign and it would be unwise to ignore it.
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.