While it might not be a big deal, we thought it was good to see that the Harley-Davidson, Inc. (NYSE:HOG) Director Rafeh Masood recently purchased $50,000 worth of shares, at a price of $37.50 per share. Although the purchase is not large, either in percentage or in absolute value, it can be considered a good sign.
Check out our latest analysis for Harley-Davidson
Harley-Davidson insider trades over the past year
In the past twelve months, the largest single insider sale occurred when chief accounting officer Mark Kornetzke sold US$346,000 worth of stock at US$40.33 per share. This means that an insider was selling shares at around the current price of US$38.87. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. In this case, the big sell was around the current price, so that’s not too bad (but still not a positive). The only individual insider seller over the past year was Mark Kornetzke.
The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you will be able to see the precise detail of each insider trade!
For those who like to find winning investments this free list of growing companies with recent insider buying, might be just the ticket.
Harley-Davidson Insider Ownership
For an ordinary shareholder, it is worth checking how many shares are held by company insiders. I think it’s a good sign if insiders have a significant number of shares in the company. It appears Harley-Davidson insiders own 0.6% of the company, worth around $31 million. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
So what do Harley-Davidson insider trading indicate?
The recent insider buying is encouraging. But the same cannot be said for the transactions of the last 12 months. While recent deals show confidence in Harley-Davidson, insiders don’t own enough of the company to overcome our caution about longer-term deals. Overall, they seem reasonably lined up. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Our analysis shows 2 warning signs for Harley-Davidson (1 cannot be ignored!) and we strongly recommend that you consult them before investing.
But note: Harley-Davidson may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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