Christopher French Buys Handful Of Shares In Shenandoah Telecommunications

Potential Shenandoah Telecommunications Company (NASDAQ:SHEN) shareholders may wish to note that the Chairman, Christopher French, recently bought US$198k worth of stock, paying US$12.01 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

See our latest analysis for Shenandoah Telecommunications

Shenandoah Telecommunications Insider Transactions Over The Last Year

Notably, that recent purchase by Chairman Christopher French was not the only time they bought Shenandoah Telecommunications shares this year. They previously made an even bigger purchase of US$276k worth of shares at a price of US$14.96 per share. That means that an insider was happy to buy shares at above the current price of US$12.28. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While Shenandoah Telecommunications insiders bought shares during the last year, they didn't sell. 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!

Shenandoah Telecommunications is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Shenandoah Telecommunications

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Shenandoah Telecommunications insiders own about US$30m worth of shares. That equates to 4.5% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Shenandoah Telecommunications Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Shenandoah Telecommunications insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Shenandoah Telecommunications, you should check out this free report on analyst forecasts for the company.

But note: Shenandoah Telecommunications may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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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.