Yahoo Finance Independent Non-Executive Director Sarah Ryan Just Bought 31% More Shares In Aurizon Holdings Limited (ASX:AZJ)
Even if it's not a huge purchase, we think it was good to see that Sarah Ryan, the Independent Non-Executive Director of Aurizon Holdings Limited (ASX:AZJ) recently shelled out AU$55k to buy stock, at AU$3.65 per share. That purchase might not be huge but it did increase their holding by 31%.
View our latest analysis for Aurizon Holdings
Aurizon Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Non-Executive Director Sarah Ryan was not the only time they bought Aurizon Holdings shares this year. They previously made an even bigger purchase of AU$56k worth of shares at a price of AU$3.74 per share. That means that even when the share price was higher than AU$3.45 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Aurizon Holdings 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Aurizon Holdings 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.
Insider Ownership of Aurizon Holdings
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Aurizon Holdings insiders own 0.09% of the company, worth about AU$6.0m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Aurizon Holdings Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Aurizon Holdings insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Aurizon Holdings has 3 warning signs (and 1 which can't be ignored) we think you should know about.
But note: Aurizon Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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