Yahoo Finance Have Insiders Been Buying Keller Group plc (LON:KLR) Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in Keller Group plc (LON:KLR).
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
See our latest analysis for Keller Group
The Last 12 Months Of Insider Transactions At Keller Group
Engineering & Operations Director and Executive Director Venu Raju made the biggest insider purchase in the last 12 months. That single transaction was for UK£114k worth of shares at a price of UK£5.70 each. That means that an insider was happy to buy shares at around the current price of UK£7.12. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Keller Group share holders is that insiders were buying at near the current price.
Keller Group insiders may have bought shares in the last year, but they didn't sell any. 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!
Keller Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders at Keller Group Have Bought Stock Recently
It's good to see that Keller Group insiders have made notable investments in the company's shares. Overall, three insiders shelled out UK£330k for shares in the company -- and none sold. This is a positive in our book as it implies some confidence.
Insider Ownership of Keller Group
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Keller Group insiders have about 0.6% of the stock, worth approximately UK£3.2m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Keller Group Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Keller Group insiders are reasonably well aligned, and optimistic for the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Keller Group.
Of course Keller Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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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