Trade Alert: The Director Of Ingles Markets, Incorporated (NASDAQ:IMKT.A), Laura Sharp, Has Sold Some Shares Recently

Anyone interested in Ingles Markets, Incorporated (NASDAQ:IMKT.A) should probably be aware that the Director, Laura Sharp, recently divested US$201k worth of shares in the company, at an average price of US$101 each. That sale was 32% of their holding, so it does make us raise an eyebrow.

See our latest analysis for English Markets

English Markets Insider Transactions Over The Last Year

Notably, that recent sale by Laura Sharp is the biggest insider sale of Ingles Markets shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of US$99.12. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Laura Sharp ditched 4.00k shares over the year. The average price per share was US$95.20. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider trading volume
NasdaqGS:IMKT.A Insider Trading Volume December 15th 2022

I will like Ingles Markets better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of English Markets

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It’s great to see that Ingles Markets insiders own 23% of the company, worth about US$427m. I like to see this level of insider ownership because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The English Markets Insider Transactions Indicate?

An insider sold Ingles Markets shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort over the last year. But it is good to see that Ingles Markets is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about 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. You’d be interested to know that we found 1 warning sign for English Markets and we suggest you have a look.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.

What are the risks and opportunities for English Markets?

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.

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rewards

  • Trading at 47.4% below our estimate of its fair value

  • Earnings have grown 32.2% per year over the past 5 years

risk

  • Significant insider selling over the past 3 months

View all Risks and Rewards

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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