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Even if it's not a huge purchase, we think it was good to see that Paul Edwards, the CFO & Director of Tatton Asset Management plc (LON:TAM) recently shelled out UK£71k to buy stock, at UK£4.30 per share. However, it only increased their shares held by 3.3%, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Tatton Asset Management
In fact, the recent purchase by Paul Edwards was the biggest purchase of Tatton Asset Management shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of UK£4.25. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 32.81k shares for UK£141k. On the other hand they divested 4.31k shares, for UK£21k. In the last twelve months there was more buying than selling by Tatton Asset Management insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Tatton Asset Management is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Tatton Asset Management insiders own 10% of the company, worth about UK£26m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Tatton Asset Management Tell Us?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Tatton Asset Management we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tatton Asset Management. At Simply Wall St, we found 3 warning signs for Tatton Asset Management that deserve your attention before buying any shares.
Of course Tatton Asset Management may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
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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.