Yahoo Finance Executive Director of PPK Group Picks Up 1.1% More Stock \
Investors who take an interest in PPK Group Limited (ASX:PPK) should definitely note that the Executive Director, Glenn Molloy, recently paid AU$1.46 per share to buy AU$365k worth of the stock. Although the purchase only increased their holding by 1.1%, it is still a solid purchase in our view.
See our latest analysis for PPK Group
PPK Group Insider Transactions Over The Last Year
In fact, the recent purchase by Executive Director Glenn Molloy was not their only acquisition of PPK Group shares this year. They previously made an even bigger purchase of AU$581k worth of shares at a price of AU$2.93 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$1.63). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing 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 PPK Group insiders were buying shares, but not selling. The average buy price was around AU$1.68. These transactions suggest that insiders have considered the current price attractive. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does PPK Group Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 38% of PPK Group shares, worth about AU$54m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About PPK Group Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Insiders likely see value in PPK Group shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 4 warning signs for PPK Group (of which 2 are significant!) you should know about.
Of course PPK Group 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
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