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Theodore Klinck Is The President of Highwoods Properties, Inc. (NYSE:HIW) And They Just Picked Up 2.1% More Shares

Simply Wall St ·  Sep 28, 2022 06:36

Potential Highwoods Properties, Inc. (NYSE:HIW) shareholders may wish to note that the President, Theodore Klinck, recently bought US$141k worth of stock, paying US$28.25 for each share. Although the purchase only increased their holding by 2.1%, it is still a solid purchase in our view.

Check out our latest analysis for Highwoods Properties

The Last 12 Months Of Insider Transactions At Highwoods Properties

In fact, the recent purchase by Theodore Klinck was the biggest purchase of Highwoods Properties shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$26.53. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months insiders purchased 6.00k shares for US$170k. But they sold 650.00 shares for US$20k. Overall, Highwoods Properties insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volumeNYSE:HIW Insider Trading Volume September 28th 2022

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Highwoods Properties

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.3% of Highwoods Properties shares, worth about US$37m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Highwoods Properties Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Highwoods Properties shares, given these transactions (along with notable insider ownership of the company). 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. Be aware that Highwoods Properties is showing 3 warning signs in our investment analysis, and 2 of those shouldn't be ignored...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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, but not derivative transactions.

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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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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