Advertisement
New Zealand markets close in 5 hours 35 minutes
  • NZX 50

    12,341.98
    +32.07 (+0.26%)
     
  • NZD/USD

    0.5979
    -0.0002 (-0.04%)
     
  • ALL ORDS

    8,166.40
    -42.80 (-0.52%)
     
  • OIL

    79.95
    +0.17 (+0.21%)
     
  • GOLD

    2,396.40
    +1.70 (+0.07%)
     

B&G Foods Insiders Added US$1.22m Of Stock To Their Holdings

Over the last year, a good number of insiders have significantly increased their holdings in B&G Foods, Inc. (NYSE:BGS). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for B&G Foods

The Last 12 Months Of Insider Transactions At B&G Foods

Over the last year, we can see that the biggest insider purchase was by Independent Chairman of the Board Stephen Sherrill for US$1.1m worth of shares, at about US$8.59 per share. That means that an insider was happy to buy shares at around the current price of US$9.35. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

ADVERTISEMENT

Over the last year, we can see that insiders have bought 141.96k shares worth US$1.2m. On the other hand they divested 13.00k shares, for US$175k. In total, B&G Foods insiders bought more than they sold over 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-volume
insider-trading-volume

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At B&G Foods Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at B&G Foods. Not only was there no selling that we can see, but they collectively bought US$1.2m worth of shares. That shows some optimism about the company's future.

Insider Ownership

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. It appears that B&G Foods insiders own 3.0% of the company, worth about US$22m. 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 B&G Foods Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in B&G Foods shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 3 warning signs for B&G Foods (1 can't be ignored!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.