Sell ​​US$4.3 million worth of shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) at high prices would have allowed insiders to receive a handsome reward

Despite the fact that the shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) rose 5.8% last week, insiders who sold $4.3 million worth of stock in the past 12 months should be better off. Holding shares would have meant that their investment would be worth less today than it was when sold. So, selling at an average price of US$29.28, which is higher than the current price, might have been the best decision.

While insider trading isn’t the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider trading altogether.

Check out our latest analysis for G-III Apparel Group

G-III Apparel Group Insider Transactions Over the Last Year

Over the past year, we can see that the biggest insider sale was by Vice Chairman and President Sammy Aaron for $3.5 million worth of stock, at around $29.82 per stock. Although insider selling is negative, for us it is even more negative if the stock is sold at a lower price. The good news is that this major selloff took place well above the current price of US$21.31. So this may not tell us anything about what insiders think of the current stock price.

G-III Apparel Group Insiders did not buy any shares last year. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. By clicking on the graph below, you will be able to see the precise detail of each insider trade!

NasdaqGS:GIII Insider Trading Volume July 20, 2022

If you’re like me, then you not want to miss this free list of growing companies insiders are buying.

Insider ownership

Many investors like to check how much a company is owned by insiders. I think it’s a good sign if insiders have a significant number of shares in the company. G-III Apparel Group insiders own 10% of the company, which is currently worth approximately US$105 million based on recent share price. Most shareholders would be happy to see this type of insider ownership, as it suggests that management’s incentives are well aligned with those of other shareholders.

So what does this data suggest about G-III Apparel insiders?

There have been no insider trades in the last three months – that’s not saying much. It’s encouraging to see that insiders own a lot of stock, but we’d like to see more insider buying, because the past year of G-III Apparel Group’s insider trading doesn’t fill us with confidence. Sure, the future is what matters most. So if you are interested in G-III Apparel Group, you should check this free analyst forecast report for the company.

If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.

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

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