In This Article:
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Triumph Group, Inc.'s (NYSE:TGI) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Triumph Group
The Last 12 Months Of Insider Transactions At Triumph Group
The Independent Director Cynthia Egnotovich made the biggest insider purchase in the last 12 months. That single transaction was for US$151k worth of shares at a price of US$15.14 each. That means that an insider was happy to buy shares at above the current price of US$13.93. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Triumph Group insiders bought shares during the last year, they didn't sell. 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!
Triumph Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders At Triumph Group Have Bought Stock Recently
Over the last quarter, Triumph Group insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought US$293k worth of shares. This makes one think the business has some good points.
Does Triumph Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Triumph Group insiders own about US$23m worth of shares. That equates to 2.1% 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.
So What Do The Triumph Group Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Triumph Group shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Triumph Group. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Triumph Group.