Even if it's not a huge purchase, we think it was good to see that Taryn Owen, the CEO, President & Director of TrueBlue, Inc. (NYSE:TBI) recently shelled out US$76k to buy stock, at US$5.94 per share. Although the purchase is not a big one, increasing their shareholding by only 9.6%, it can be interpreted as a good sign.
See our latest analysis for TrueBlue
TrueBlue Insider Transactions Over The Last Year
In fact, the recent purchase by Taryn Owen was the biggest purchase of TrueBlue shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$6.19. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the TrueBlue insiders decided to buy shares at close to current prices.
TrueBlue insiders may have bought shares in the last year, but they didn't sell any. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does TrueBlue 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that TrueBlue insiders own about US$5.7m worth of shares (which is 3.1% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About TrueBlue Insiders?
It is good to see recent purchasing. 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on TrueBlue stock. Of course, the future is what matters most. So if you are interested in TrueBlue, you should check out this free report on analyst forecasts for the company.
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.