Possible bearish signals as insiders of Haverty Furniture Companies, Inc. (NYSE: HVT) divest $ 4.7 million of shares

Over the past year, many Haverty Furniture Companies, Inc. (NYSE: HVT) Insiders sold a substantial stake in the company, which may have caught the attention of shareholders. Knowing whether insiders are buying is generally more useful when evaluating insider trading, as insider selling can have a variety of explanations. However, shareholders should take a closer look at whether multiple insiders are selling shares over a specific period of time.

While we never suggest that investors should base their decisions solely on what the directors of a company have done, logic dictates that you pay attention to whether insiders are buying or selling stocks.

The last 12 months of insider trading at Haverty Furniture Companies

Over the past year, we can see that the biggest insider sale was ever by Executive Vice President and Chief Information Officer J. Clary for $ 1.1 million in stock at about $ 36.50 per share. This means that an insider was selling shares around the current price of US $ 33.83. We generally don’t like to see insider sales, but the lower the selling price, the more it concerns us. Given that the sale took place around current prices, this makes us a little cautious but is not a major concern.

In the past year, insiders of Haverty Furniture Companies have not purchased any shares in the company. You can see insider trading (by companies and individuals) over the past year represented in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!

NYSE: HVT Insider Trading Volume September 14, 2021

If you are like me then you not want to miss it free list of growing companies that insiders buy.

Insider ownership

Many investors like to check how well a company is owned by insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. Insiders of Haverty Furniture Companies own about $ 52 million in shares. This equates to 7.8% of the business. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about Haverty furniture company insiders?

We certainly don’t mind the fact that there hasn’t been any Haverty Furniture Companies insider trading recently. We don’t take much encouragement from insider trading from Haverty Furniture Companies. But we love that the insiders own a good chunk of the business. So these insider trading can help us build a stock thesis, but it’s also worth knowing the risks this business faces. To help you, we have discovered 3 warning signs (1 is potentially serious!) Which you should know before buying shares of Haverty Furniture Companies.

But beware : Haverty Furniture Companies may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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About Gertrude H. Kerr

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