Some Americold Realty Trust (NYSE:COLD) shareholders may be a little concerned to see that the Independent Trustee, James Heistand, recently sold a substantial US$1.1m worth of stock at a price of US$37.80 per share. That diminished their holding by a very significant 51%, which arguably implies a strong desire to reallocate capital.
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The Last 12 Months Of Insider Transactions At Americold Realty Trust
Over the last year, we can see that the biggest insider sale was by the CEO, President & Trustee, Fred Boehler, for US$3.0m worth of shares, at about US$37.00 per share. That means that even when the share price was below the current price of US$38.00, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. This single sale was just 21% of Fred Boehler’s stake.
Over the last year we saw more insider selling of Americold Realty Trust shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:COLD Insider Trading Volume May 22nd 2021
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Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of Americold Realty Trust shares, worth about US$27m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Americold Realty Trust Insiders?
Insiders sold Americold Realty Trust shares recently, but they didn’t buy any. Despite some insider buying, the longer term picture doesn’t make us feel much more positive. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Americold Realty Trust. Case in point: We’ve spotted 4 warning signs for Americold Realty Trust you should be aware of, and 1 of them makes us a bit uncomfortable.
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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, but not derivative transactions.
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