Yahoo Finance The Independent Non- Executive Chairman of the Board of McBride plc (LON:MCB), Jeffrey Nodland, Just Bought 31% More Shares
Even if it's not a huge purchase, we think it was good to see that Jeffrey Nodland, the Independent Non- Executive Chairman of the Board of McBride plc (LON:MCB) recently shelled out UK£56k to buy stock, at UK£0.62 per share. That purchase might not be huge but it did increase their holding by 31%.
See our latest analysis for McBride
McBride Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Non- Executive Chairman of the Board Jeffrey Nodland was not the only time they bought McBride shares this year. They previously made an even bigger purchase of UK£78k worth of shares at a price of UK£0.71 per share. That means that even when the share price was higher than UK£0.62 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
McBride insiders may have bought shares in the last year, but they didn't sell any. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of McBride
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at McBride, though insiders do hold about UK£516k worth of shares. This level of insider ownership is notably low, and not very encouraging.
So What Does This Data Suggest About McBride Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that McBride insiders are reasonably well aligned, and optimistic for the future. 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. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of McBride.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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. 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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