The Independent Director of EVO Payments, Inc. (NASDAQ:EVOP), Mark Chancy, Just Bought A Few More Shares

Investors who take an interest in EVO Payments, Inc. (NASDAQ:EVOP) should definitely note that the Independent Director, Mark Chancy, recently paid US$20.32 per share to buy US$102k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for EVO Payments

The Last 12 Months Of Insider Transactions At EVO Payments

Over the last year, we can see that the biggest insider sale was by the insider, David Goldman, for US$531k worth of shares, at about US$30.32 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$19.74. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 38.30k shares worth US$785k. But insiders sold 21463 shares worth US$647k. Overall, EVO Payments insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

EVO Payments is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by 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. From our data, it seems that EVO Payments insiders own 0.4% of the company, worth about US$6.2m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At EVO Payments Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that EVO Payments insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with EVO Payments and understanding this should be part of your investment process.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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