In This Article:
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in Thermon Group Holdings, Inc. (NYSE:THR).
Do Insider Transactions Matter?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
See our latest analysis for Thermon Group Holdings
Want to help shape the future of investing tools and platforms? Take the survey and be part of one of the most advanced studies of stock market investors to date.
Thermon Group Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Director Kevin McGinty for US$111k worth of shares, at about US$22.10 per share. So it’s clear an insider wanted to buy, at around the current price. That means they have been optimistic about the company in the past, though they may have changed their mind. We generally consider it a positive if insiders have been buying on market, even if the share price has increased a bit since then.
Over the last year, we can see that insiders have bought 7.00k shares worth US$156k. In total, Thermon Group Holdings insiders bought more than they sold over the last year. They paid about US$22.23 on average. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price of US$22.70. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Thermon Group Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Thermon Group Holdings Have Bought Stock Recently
Over the last quarter, Thermon Group Holdings insiders have spent a meaningful amount on shares. In total, insiders bought US$156k worth of shares in that time, and we didn’t record any sales whatsoever. This makes one think the business has some good points.