National Research Insiders Sold US$56m Of Shares Suggesting Hesitancy
National Research Insiders Sold US$56m Of Shares Suggesting Hesitancy
Many National Research Corporation (NASDAQ:NRC) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
過去一年，許多國家研究公司（NASDAQ：NRC）的內部人士都拋售了自己的股票，這可能會引起該公司股東的興趣。分析內部交易時，了解內部人士是買入還是賣出通常更有價值，而不是僅僅了解他們是賣出還是買入，因爲後者會發出含混不清的信息。然而，當多個內部人士在特定時間段內拋售股票時，股東應該注意，因爲這可能是一個警示信號。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
雖然我們不認爲股東應該簡單地跟隨內部交易，但我們認爲監控內部人士的行動是很合理的。
National Research Insider Transactions Over The Last Year
國家研究的內幕交易過去一年來的情況
The insider, Thomas Richardson, made the biggest insider sale in the last 12 months. That single transaction was for US$24m worth of shares at a price of US$40.54 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$24.57). So it is hard to draw any strong conclusion from it.
在過去的12個月中，內部人員Thomas Richardson進行了最大規模的內部交易。單筆交易金額爲2400萬美元，每股價格爲40.54美元。儘管我們通常不喜歡看到內部人士出售股票，但如果銷售價格低於現在價格則更令人擔憂。值得一提的是，這次拋售是在最新股價（24.57美元）之上進行的。因此很難從中得出任何強烈的結論。
National Research insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
過去一年，國家研究的內部人員沒有買入任何股票。下面是過去12個月公司和個人內部交易的可視化圖表。通過單擊下面的圖表，您可以查看每個內部交易的詳細信息！
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.
如果您和我一樣，您就不會錯過這個免費的小盤股票列表，這些股票不僅被內部人士購買，而且估值也很有吸引力。
Does National Research Boast High Insider Ownership?
國家研究擁有高內部所有權嗎？
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. National Research insiders own about US$216m worth of shares (which is 37% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
測試公司領導者與其他股東之間的協調程度的另一種方法是查看他們擁有的股份數量。通常，內部所有權越高，內部人士就越有可能被激勵從長遠角度建設公司。國家研究的內部人士擁有價值約2160萬美元的股份（佔公司的37%）。這種重要的內部所有權通常會增加公司爲所有股東謀利益的機會。
So What Do The National Research Insider Transactions Indicate?
國家研究的內部交易是否表明了什麼意味？
The fact that there have been no National Research insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the National Research insiders selling. While it's good to be aware of 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. At Simply Wall St, we've found that National Research has 3 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.
事實上，國家研究最近沒有進行內部交易並不會讓我們困擾。看到內部所有權水平很高是好事，但回顧過去一年，我們並不認爲國家研究內部人士出售股票增加了投資者的信心。雖然了解內部所有權和交易的情況很重要，但我們還一定會考慮股票面臨的風險，然後再做決策。在Simply Wall St，我們發現國家研究存在3個警告信號（其中1個有點不愉快！）需要被注意，再進行更深入的分析之前，請務必注意這些信號。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然，您可能會在其他地方找到一項出色的投資。因此，請查看此免費的有趣公司列表。
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.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。