Green Plains Interim Principal Executive Officer Michelle Mapes Sells 34% Of Holding
Michelle Mapes, Interim Principal Executive Officer of Green Plains Inc. (NASDAQ:GPRE), sold 34% of her shares, worth US$294k at an average price of US$9.51 each. This sale is the largest insider transaction in the past year. Despite the sale occurring near the current price of US$9.19, it raises concerns as no insider purchases have been made recently. Insiders own about US$22m worth of shares, representing 3.5% of the company, indicating some alignment but also caution for potential investors.
Anyone interested in Green Plains Inc. (NASDAQ:GPRE) should probably be aware that the Interim Principal Executive Officer, Michelle Mapes, recently divested US$294k worth of shares in the company, at an average price of US$9.51 each. That sale was 34% of their holding, so it does make us raise an eyebrow.
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Green Plains Insider Transactions Over The Last Year
Notably, that recent sale by Michelle Mapes is the biggest insider sale of Green Plains shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$9.19. 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).
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership Of Green Plains
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Green Plains insiders own about US$22m worth of shares. That equates to 3.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Green Plains Insider Transactions Indicate?
An insider sold Green Plains shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Green Plains that deserve your attention before buying any shares.
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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.
