We'd be surprised if Acushnet Holdings Corp. (NYSE:GOLF) shareholders haven't noticed that the President of FootJoy, Christopher Lindner, recently sold US$491k worth of stock at US$65.52 per share. On the bright side, that sale was only 7.4% of their holding, so we doubt it's very meaningful, on its own.
Acushnet Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the President, David Maher, sold US$4.0m worth of shares at a price of US$57.20 per share. That means that even when the share price was below the current price of US$65.38, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 9.0% of David Maher's holding.
In the last year Acushnet Holdings insiders didn't buy any company stock. 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!
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Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Acushnet Holdings insiders own 2.5% of the company, worth about US$104m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Acushnet Holdings Insider Transactions Indicate?
An insider hasn't bought Acushnet Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Acushnet Holdings. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Acushnet Holdings.
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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 of direct interests only, but not derivative transactions or indirect interests.
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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.