Yahoo Finance Peter Lesser Is The Independent Director of VOXX International Corporation (NASDAQ:VOXX) And They Just Picked Up 85% More Shares
Even if it's not a huge purchase, we think it was good to see that Peter Lesser, the Independent Director of VOXX International Corporation (NASDAQ:VOXX) recently shelled out US$89k to buy stock, at US$10.52 per share. While that isn't the hugest buy, it actually boosted their shareholding by 85%, which is good to see.
Check out our latest analysis for VOXX International
VOXX International Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Co-Vice Chairman Beat Kahli for US$188k worth of shares, at about US$7.52 per share. Even though the purchase was made at a significantly lower price than the recent price (US$10.89), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months VOXX International insiders were buying shares, but not selling. Their average price was about US$8.38. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
VOXX International is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of VOXX International
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that VOXX International insiders own 16% of the company, worth about US$42m. 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 VOXX International Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in VOXX International shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of VOXX International.
Of course VOXX International 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, but not derivative transactions.
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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.
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