BIG

Big Lots, Inc.

25.6600
USD
-0.50%
25.6600
USD
-0.50%
18.5400 39.5300
52 weeks
52 weeks

Mkt Cap 1.00B

Shares Out 39.01M

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The Independent Director of Big Lots, Inc. (NYSE:BIG), Marla Gottschalk, Just Bought 12% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Big Lots, Inc. (NYSE:BIG) Independent Director, Marla Gottschalk, recently bought US$50k worth of stock, for US$27.06 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 12%.

In fact, the recent purchase by Marla Gottschalk was the biggest purchase of Big Lots shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$29.19. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Big Lots share holders is that an insider was buying at near the current price. Marla Gottschalk was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NYSE:BIG Recent Insider Trading, December 20th 2019

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

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Big Lots insiders own 1.3% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Big Lots shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.


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