When it comes to stock selection, one factor investors may want to consider is insider ownership. High insider ownership generally suggests management’s confidence in the company. It’s a bullish sign that suggests insiders believe the stock price could go up.
According to the Securities and Exchange Commission, insiders include any “officer, director, 10% stockholder, and anyone who possesses inside information because of his or her relationship with the company or with an officer, director, or principal stockholder of the company.”
In this article, we will take a look at 10 asset management companies with over 20% insider ownership.
This post originally appeared at 24/7 Wall St.