Barry Davis is the Independent Director of Kirby Corporation (NYSE: KEX) and they just acquired 43% more shares


Those who follow with Kirby Company (NYSE: KEX) will no doubt be intrigued by the recent share purchase by Barry Davis, the independent director of the company, who spent US $ 529,000 on shares at an average price of US $ 52.88. Not only is it a big swing, but it increased their holding size by 43% which is really nice to see.

Check out our latest analysis for Kirby

The Last 12 Months of Insider Trading at Kirby

Over the past year or so, we can see that the biggest insider sale has come from independent director William Waterman for $ 1.7 million in shares, at around $ 66.11 per share. We usually don’t like to see insider sales, but the lower the selling price, the more it concerns us. The good news is that this big sale was well above the current price of US $ 57.59. So it might not shed much light on insider confidence at current levels.

In total, Kirby insiders have sold more than they’ve bought over the past year. You can see insider trading (by companies and individuals) over the past year shown in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!

NYSE: KEX Insider Trading Volume November 4, 2021

If you like to buy stocks that insiders buy rather than sell, then you might love this free list of companies. (Hint: insiders bought them).

Does Kirby boast of high insider ownership?

For an ordinary shareholder, it is worth checking out how many shares are owned by company insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. Kirby insiders own around $ 38 million in stock. This equates to 1.1% of the business. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what do Kirby’s insider trading indicate?

The recent insider buying is encouraging. On the other hand, the transaction history, over the past year, is not that positive. The most recent trades are positive, but Kirby insiders haven’t shown the sustained enthusiasm we’re looking for, despite owning a decent number of shares, overall. Overall, they seem reasonably aligned. While we love to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. During our analysis, we found that Kirby has 1 warning sign and it would be unwise to ignore it.

Sure Kirby might not be the best stock to buy. So you might want to see this free collection of high quality companies.

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

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

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