Welcome to edition 580 of Insider Weekends. Insider buying decreased last week with insiders purchasing $190.52 million of stock purchased compared to $247.78 million in the week prior. Selling increased significantly to $5.37 billion compared to $3.85 billion in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 28.21 In other words, insiders sold more than 28 times as much stock as they purchased. The Sell/Buy ratio this week was unfavorable compared to the prior week when the ratio stood at 14.07.
Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs, and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However, metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.
Notable Insider Buys:
1. Energy Transfer LP (ET): $9.51
Shares of this energy storage and transportation company were acquired by 2 insiders:
You can view the list of recent insider transactions for Energy Transfer LP here.
|P/E: 6.98||Forward P/E: 7.55||Industry P/E: 48.77|
|P/S: 0.49||Price/Book: 1.19||EV/EBITDA: 6.92|
|Market Cap: $25.72B||Avg. Daily Volume: 14,179,275||52 Week Range: $4.98 – $11.55|
2. Tivity Health, Inc. (TVTY): $23.13
Director Anthony Michael Sanfilippo acquired 160,000 shares of this fitness and health products provider, paying $21.77 per share for a total amount of $3.48 million. Mr. Sanfilippo increased his stake by 49.57% to 482,792 shares with this purchase. These shares were purchased indirectly through a trust.
You can view the list of recent insider transactions for Tivity Health, Inc. here.
|P/E: N/A||Forward P/E: 13.77||Industry P/E: 26.79|
|P/S: 2.71||Price/Book: 33||EV/EBITDA: 10.12|
|Market Cap: $1.15B||Avg. Daily Volume: 336,198||52 Week Range: $13.23 – $27.87|
3. Aon plc (AON): $277.24
Director Lester B. Knight acquired 10,000 shares of this insurance brokers company, paying $263.95 per share for a total amount of $2.64 million. These shares were purchased indirectly through a trust.
You can view the list of recent insider transactions for Aon plc here.
|P/E: 30.51||Forward P/E: 22.14||Industry P/E: 11.13|
|P/S: 5.32||Price/Book: 14.02||EV/EBITDA: 19.47|
|Market Cap: $62.59B||Avg. Daily Volume: 2,198,556||52 Week Range: $179.52 – $277.86|
4. Dun & Bradstreet Holdings, Inc. (DNB): $19.23
Shares of this business data and analytics provider were acquired by 3 insiders:
You can view the list of recent insider transactions for Dun & Bradstreet Holdings, Inc. here.
|P/E: N/A||Forward P/E: 16.58||Industry P/E: 28.44|
|P/S: 4.25||Price/Book: 2.31||EV/EBITDA: 20|
|Market Cap: $8.29B||Avg. Daily Volume: 1,884,656||52 Week Range: $18.09 – $29.548|
5. Kennedy-Wilson Holdings, Inc. (KW): $21.35
Chief Executive Officer William J. McMorrow acquired 100,000 shares of this real estate investment company, paying $21.10 per share for a total amount of $2.11 million. These shares were purchased indirectly through a trust.
Kennedy-Wilson Holdings is a real estate company that operates in the Western United States, UK and Ireland with $19 billion in assets under management across a portfolio of multifamily units, office properties, retail and hotels. The company both owns assets as well as manages assets for other investors through joint ventures. The company is not structured like as a REIT and yet has a dividend yield of 4.12% that far exceeds the yield of most non-mortgage REITs.
The company derives most of its multifamily operating income from the Western United States and a majority of its office property income comes from Europe. Before the COVID-19 pandemic hit, the company was consistently growing its net operating income, which increased more than five fold from $59 million in 2015 to $321 million in 2019. While the company took a bit hit in 2020, it remained profitable and was not forced to cut its dividend. Earnings have rebounded strongly in 2021 and the company announced new joint ventures including a $1.5 billion multifamily platform with a global institutional investor.
In addition to insider buying, the company is also buying back its own stock.
You can view the list of recent insider transactions for Kennedy-Wilson Holdings, Inc. here.
|P/E: 8.45||Forward P/E: -355.83||Industry P/E: 43.05|
|P/S: 6.08||Price/Book: 2||EV/EBITDA: 48.16|
|Market Cap: $3.01B||Avg. Daily Volume: 444,453||52 Week Range: $12.77 – $21.41|
You can view the full list of purchases from this Insider Buying page.
Notable Insider Sales:
1. The Carlyle Group Inc. (CG): $48.78
Director David M. Rubenstein sold 4,000,000 shares of this asset management company for $47.10, generating $188.39 million from the sale.
You can view the list of recent insider transactions for The Carlyle Group Inc. here.
|P/E: 6.82||Forward P/E: 16.1||Industry P/E: 15.44|
|P/S: 2.27||Price/Book: 3.99||EV/EBITDA: 6.29|
|Market Cap: $17.45B||Avg. Daily Volume: 1,909,051||52 Week Range: $23.48 – $51.55|
2. Facebook, Inc. (FB): $363.18
Shares of Facebook were sold by 2 insiders:
You can view the list of recent insider transactions for Facebook, Inc. here.
|P/E: 26.97||Forward P/E: 23.86||Industry P/E: 30.19|
|P/S: 9.77||Price/Book: 7.43||EV/EBITDA: 18.67|
|Market Cap: $1.02T||Avg. Daily Volume: 14,866,742||52 Week Range: $244.13 – $377.55|
3. Snap Inc. (SNAP): $74.62
Chief Executive Officer Evan Spiegel sold 793,243 shares of this social media company for $77.50, generating $61.48 million from the sale.
You can view the list of recent insider transactions for Snap Inc. here.
|P/E: N/A||Forward P/E: 111.37||Industry P/E: 30.19|
|P/S: 35.31||Price/Book: 40.47||EV/EBITDA: -178.82|
|Market Cap: $117.98B||Avg. Daily Volume: 17,411,215||52 Week Range: $20.68 – $80.85|
4. DraftKings Inc. (DKNG): $53.5
Shares of this digital sports entertainment and gaming company were sold by 2 insiders:
You can view the list of recent insider transactions for DraftKings Inc. here.
|P/E: N/A||Forward P/E: N/A||Industry P/E: N/A|
|P/S: 20.27||Price/Book: 9.76||EV/EBITDA: -18.58|
|Market Cap: $21.58B||Avg. Daily Volume: 13,858,139||52 Week Range: $33.46 – $74.38|
5. Athene Holding Ltd. (ATH): $65.48
Shares of this retirement services company were sold by 2 insiders:
You can view the list of recent insider transactions for Athene Holding Ltd. here.
|P/E: 3.04||Forward P/E: 7.37||Industry P/E: 11.13|
|P/S: 0.55||Price/Book: 0.63||EV/EBITDA: N/A|
|Market Cap: $12.57B||Avg. Daily Volume: 1,063,048||52 Week Range: $30.05 – $70.37|
You can view the full list of sales from this Insider Sales page.
Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.