Anyone interested in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) should probably be aware that the Independent Director, Christina Anagnostara, recently divested US$258k worth of shares in the company, at an average price of US$17.19 each. However, the silver lining is that the sale only reduced their total holding by 7.8%, so we're hesitant to read anything much into it, on its own.

Seanergy Maritime Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Christina Anagnostara is the biggest insider sale of Seanergy Maritime Holdings 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$16.86. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in Seanergy Maritime Holdings didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Seanergy Maritime Holdings

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. It's great to see that Seanergy Maritime Holdings insiders own 31% of the company, worth about US$114m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Seanergy Maritime Holdings Insiders?

Insiders sold Seanergy Maritime Holdings shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Seanergy Maritime Holdings is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing.

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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.

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.