Potential Bellway p.l.c. (LON:BWY) shareholders may wish to note that the Independent Non-Executive Chairman, Paul Nigel Smith, recently bought UK£90k worth of stock, paying UK£23.12 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 24%.
The Last 12 Months Of Insider Transactions At Bellway
In fact, the recent purchase by Paul Nigel Smith was the biggest purchase of Bellway shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£23.35. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Bellway share holders is that insiders were buying at near the current price.
In the last twelve months Bellway insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bellway is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bellway Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Bellway insiders own 0.09% of the company, worth about UK£2.6m. We prefer to see high levels of insider ownership.
So What Do The Bellway Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Bellway insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bellway. You'd be interested to know, that we found 3 warning signs for Bellway and we suggest you have a look.
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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