Anyone interested in REV Group, Inc. (NYSE:REVG) should probably be aware that the Independent Director, Charles Dutil, recently divested US$356k worth of shares in the company, at an average price of US$28.50 each. The eyebrow raising move amounted to a reduction of 27% in their holding.
REV Group Insider Transactions Over The Last Year
In fact, the recent sale by Charles Dutil was the biggest sale of REV Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$27.61. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership Of REV Group
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.4% of REV Group shares, worth about US$34m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About REV Group Insiders?
An insider hasn't bought REV Group stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since REV Group is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing REV Group. For instance, we've identified 4 warning signs for REV Group (3 are potentially serious) you should be aware of.
Of course REV Group 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 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.