Some Malibu Boats, Inc. (NASDAQ:MBUU) shareholders may be a little concerned to see that the Chief Operating Officer, Ritchie Anderson, recently sold a substantial US$590k worth of stock at a price of US$44.14 per share. That's a big disposal, and it decreased their holding size by 24%, which is notable but not too bad.
Check out our latest analysis for Malibu Boats
The Last 12 Months Of Insider Transactions At Malibu Boats
In fact, the recent sale by Ritchie Anderson was the biggest sale of Malibu Boats shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$42.60. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Ritchie Anderson sold a total of 17.71k shares over the year at an average price of US$48.49. 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!
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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. We usually like to see fairly high levels of insider ownership. Insiders own 1.6% of Malibu Boats shares, worth about US$14m. 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 Malibu Boats Insiders?
An insider hasn't bought Malibu Boats stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Malibu Boats has 2 warning signs and it would be unwise to ignore these.
Of course Malibu Boats may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.