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Potential Tritax Big Box REIT plc (LON:BBOX) shareholders may wish to note that the Partner, James Dunlop, recently bought UK£270k worth of stock, paying UK£1.70 for each share. Although the purchase only increased their holding by 7.8%, it is still a solid purchase in our view.
Tritax Big Box REIT Insider Transactions Over The Last Year
The insider Mark Glenn Shaw made the biggest insider purchase in the last 12 months. That single transaction was for UK£272k worth of shares at a price of UK£1.53 each. That means that an insider was happy to buy shares at around the current price of UK£1.85. 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 Tritax Big Box REIT insiders decided to buy shares at close to current prices.
Tritax Big Box REIT insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Tritax Big Box REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Tritax Big Box REIT Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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. It appears that Tritax Big Box REIT insiders own 0.5% of the company, worth about UK£16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Tritax Big Box REIT Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Tritax Big Box REIT we think they are probably pretty confident of 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. For instance, we've identified 4 warning signs for Tritax Big Box REIT (2 don't sit too well with us) you should be aware of.
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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