Yahoo Finance John Allan Is The Independent Non-Executive Chairman of Barratt Developments plc (LON:BDEV) And They Just Picked Up 7.2% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Barratt Developments plc (LON:BDEV) Independent Non-Executive Chairman, John Allan, recently bought UK£40k worth of stock, for UK£7.23 per share. However, it only increased their shares held by 7.2%, and it wasn't a huge purchase by absolute value, either.
View our latest analysis for Barratt Developments
The Last 12 Months Of Insider Transactions At Barratt Developments
In fact, the recent purchase by John Allan was the biggest purchase of Barratt Developments shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than UK£6.84 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. John Allan was the only individual insider to buy shares in the last twelve months.
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!
Barratt Developments is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Barratt Developments Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Barratt Developments insiders own about UK£12m worth of shares. That equates to 0.2% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Barratt Developments Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Barratt Developments insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Barratt Developments. You'd be interested to know, that we found 1 warning sign for Barratt Developments and we suggest you have a look.
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.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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