Even if it's not a huge purchase, we think it was good to see that Mark Clare, the Independent Non-Executive Chairman of the Board of Grainger plc (LON:GRI) recently shelled out UK£45k to buy stock, at UK£3.05 per share. However, we do note that it only increased their holding by 10.0%, and it wasn't a huge purchase by absolute value, either.
Grainger Insider Transactions Over The Last Year
Notably, that recent purchase by Mark Clare is the biggest insider purchase of Grainger shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£3.36. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Grainger share holders is that insiders were buying at near the current price.
In the last twelve months Grainger insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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 Grainger Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own UK£1.6m worth of Grainger stock, about 0.07% of the company. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Grainger Tell Us?
We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Grainger insiders bought more shares in the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Grainger 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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