Yahoo Finance Insider Buying: The Senior plc (LON:SNR) Independent Chairman Just Bought 262% More Shares
Investors who take an interest in Senior plc (LON:SNR) should definitely note that the Independent Chairman, Ian King, recently paid UK£0.86 per share to buy UK£130k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 262%.
Check out our latest analysis for Senior
Senior Insider Transactions Over The Last Year
In fact, the recent purchase by Ian King was the biggest purchase of Senior shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of UK£0.91. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Senior insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid UK£323k for 323.95k shares. But insiders sold 27469 shares worth UK£26k. In the last twelve months there was more buying than selling by Senior insiders. The average buy price was around UK£1.00. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. 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.
Does Senior Boast High Insider Ownership?
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 Senior insiders own 0.3% of the company, worth about UK£1.0m. I generally like to see higher levels of ownership.
So What Do The Senior Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Senior insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Senior has 3 warning signs and it would be unwise to ignore them.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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. Thank you for reading.
