Yahoo Finance Trade Alert: The CEO & Executive Director Of Victrex plc (LON:VCT), Jakob Sigurdsson, Has Just Spent UK£64k Buying 23% More Shares
Even if it's not a huge purchase, we think it was good to see that Jakob Sigurdsson, the CEO & Executive Director of Victrex plc (LON:VCT) recently shelled out UK£64k to buy stock, at UK£21.41 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 23%.
See our latest analysis for Victrex
Victrex Insider Transactions Over The Last Year
Notably, that recent purchase by Jakob Sigurdsson is the biggest insider purchase of Victrex 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£21.60. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Victrex share holders is that insiders were buying at near the current price.
While Victrex insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. 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 Victrex Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Victrex insiders own 0.05% of the company, worth about UK£995k. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Victrex Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Victrex stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Victrex has 2 warning signs and it would be unwise to ignore these.
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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