U.S. Physical Therapy Insiders Sold US$2.2m Of Shares Suggesting Hesitancy
U.S. Physical Therapy Insiders Sold US$2.2m Of Shares Suggesting Hesitancy
U.S. Physical Therapy, Inc. (NYSE:USPH) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
去年有多位內部人士出售股票後，美國物理療法公司（紐約證券交易所代碼：USPH）的股東可能有理由擔心。在評估內幕交易時，了解內部人士是買入還是賣出通常更有利，因爲後者可能有多種解釋。但是，股東應更深入地研究是否有幾位內部人士在特定時間段內出售股票。
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
儘管我們認爲股東不應該簡單地關注內幕交易，但邏輯要求你應該注意內部人士是在買入還是賣出股票。
The Last 12 Months Of Insider Transactions At U.S. Physical Therapy
美國物理療法公司最近12個月的內幕交易
In the last twelve months, the biggest single sale by an insider was when the Chief Operating Officer - West, Graham Reeve, sold US$452k worth of shares at a price of US$110 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. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$97.49. So it may not shed much light on insider confidence at current levels.
在過去的十二個月中，內部人士最大的一次出售是西部首席運營官格雷厄姆·裏夫以每股110美元的價格出售了價值45.2萬美元的股票。雖然我們通常不喜歡看到內幕銷售，但更令人擔憂的是是否以較低的價格進行銷售。令人欣慰的是，此次出售的價格遠高於當前的股價，即97.49美元。因此，在當前水平上，這可能無法爲內部信心提供太多啓示。
In total, U.S. Physical Therapy insiders sold more than they bought over the last year. 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!
總的來說，美國物理療法內部人士的銷售量超過了去年的買入量。下圖顯示了去年的內幕交易（公司和個人）。如果你想確切地知道誰賣了、賣了多少以及何時出售，只需點擊下圖！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
如果你喜歡買內部人士買入而不是賣出的股票，那麼你可能會喜歡這份免費的公司名單。（提示：業內人士一直在購買它們）。
U.S. Physical Therapy Insiders Are Selling The Stock
美國物理療法內部人士正在出售該股票
Over the last three months, we've seen significant insider selling at U.S. Physical Therapy. Specifically, insiders ditched US$1.2m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.
在過去的三個月中，我們看到了美國物理療法的大量內幕拋售。具體而言，內部人士在那段時間拋售了價值120萬美元的股票，我們沒有記錄任何購買記錄。總的來說，這使我們有點謹慎，但這並不是萬能的。
Insider Ownership Of U.S. Physical Therapy
美國物理療法的內部所有權
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. U.S. Physical Therapy insiders own about US$26m worth of shares. That equates to 1.8% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
查看公司的內部持股總量可以幫助你了解他們是否與普通股股東保持一致。我們通常希望看到相當高的內部所有權水平。美國物理療法內部人士擁有價值約2600萬美元的股票。這相當於該公司的1.8％。當然，我們在其他地方看到了更高的內部所有權水平，但這些持股足以表明內部人士與其他股東之間的一致性。
What Might The Insider Transactions At U.S. Physical Therapy Tell Us?
美國物理療法的內幕交易可能告訴我們什麼？
Insiders sold U.S. Physical Therapy shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. 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. Every company has risks, and we've spotted 5 warning signs for U.S. Physical Therapy you should know about.
內部人士最近出售了美國物理療法股票，但他們沒有買入任何股票。而且，我們對內幕交易的長期分析也沒有帶來信心。儘管內部人士確實擁有股票，但他們並不擁有大量股票，他們一直在拋售。因此，我們只有在仔細考慮後才會購買。因此，雖然了解內部人士在買入或賣出方面的所作所爲很有幫助，但了解特定公司面臨的風險也很有幫助。每家公司都有風險，我們發現了5個你應該知道的美國物理療法警告信號。
But note: U.S. Physical Therapy 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.
但請注意：美國物理療法可能不是最好的買入股票。因此，來看看這份投資回報率高、債務低的有趣公司的免費清單。
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.
就本文而言，內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益，不包括衍生品交易或間接權益。
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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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。