Anyone interested in Haverty Furniture Companies, Inc. (NYSE:HVT) should probably be aware that a company insider, J. Haverty, recently divested US$111k worth of shares in the company, at an average price of US$31.57 each. That sale was 19% of their holding, so it does make us raise an eyebrow.
Check out our latest analysis for Haverty Furniture Companies
Haverty Furniture Companies Insider Transactions Over The Last Year
The Independent Director, Vicki Palmer, made the biggest insider sale in the last 12 months. That single transaction was for US$779k worth of shares at a price of US$31.16 each. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of US$31.59. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 43% of Vicki Palmer's holding.
Haverty Furniture Companies insiders didn't buy any shares 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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Haverty Furniture Companies 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. We usually like to see fairly high levels of insider ownership. It appears that Haverty Furniture Companies insiders own 8.1% of the company, worth about US$41m. 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 Haverty Furniture Companies Tell Us?
Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! 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. Case in point: We've spotted 2 warning signs for Haverty Furniture Companies you should be aware of.
But note: Haverty Furniture Companies 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.
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.