John Hewitt is the CEO, President and Director of Matrix Service Company (NASDAQ: MTRX) and they just acquired 5.2% more shares
Potential Matrix service company (NASDAQ: MTRX) Shareholders may wish to note that CEO, Chairman and Director John Hewitt recently purchased US $ 105,000 of shares, paying US $ 6.99 for each share. While this was a very decent buy in our eyes, it was proportionately a bit modest, increasing their stake to just 5.2%.
The last 12 months of insider trading at Matrix Service
In fact, the recent purchase by John Hewitt was the largest purchase of Matrix Service shares by an insider in the past twelve months, according to our records. So it’s clear that an insider wanted to buy, even at a price higher than the current share price (US $ 6.84). Their perspective may have changed since, but it at least shows that they were feeling optimistic back then. For us, it is very important to consider the price that insiders pay for stocks. Generally speaking, this comes to our attention when insiders bought shares at prices higher than current prices, as it suggests that they thought the shares were worth buying, even at a higher price.
Over the past twelve months, Matrix Service insiders have been buying stocks, but not selling them. Below you can see a visual representation of insider trading (by businesses and individuals) over the past 12 months. By clicking on the graph below, you can see the exact detail of each insider trade!
NasdaqGS: MTRX Insider Trading Volume December 29, 2021
There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: the insiders bought them).
Matrix Service Insider Ownership
Many investors like to check how well a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. Our data indicates that Matrix Service insiders own about $ 6.1 million in stock (or 3.3% of the company). While better than nothing, we’re not overly impressed with these holdings.
So what does this data suggest about Matrix Service Insiders?
Recent insider buying is encouraging. We also trust the longer term picture of insider trading. However, we note that the company has not made a profit in the past twelve months, which makes us cautious. On this analysis, the only small minus we see is fairly low (overall) insider ownership; their transactions suggest that they are quite positive on the Matrix Service stock. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. You would be interested to know that we have found 1 warning sign for Matrix Service and we suggest you take a look.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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