Some Boise Cascade Company (NYSE:BCC) shareholders may be a little concerned to see that the Independent Director, Steven Cooper, recently sold a substantial US$546k worth of stock at a price of US$103 per share. That diminished their holding by a very significant 78%, which arguably implies a strong desire to reallocate capital.
Check out our latest analysis for Boise Cascade
The Last 12 Months Of Insider Transactions At Boise Cascade
In the last twelve months, the biggest single sale by an insider was when the Independent Chairman, Thomas Carlile, sold US$1.1m worth of shares at a price of US$105 per share. So what is clear is that an insider saw fit to sell at around the current price of US$103. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Insiders in Boise Cascade didn't buy any shares in 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!
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).
Does Boise Cascade Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.9% of Boise Cascade shares, worth about US$37m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Boise Cascade Tell Us?
Insiders haven't bought Boise Cascade stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Boise Cascade. Be aware that Boise Cascade is showing 4 warning signs in our investment analysis, and 1 of those is significant...
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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.