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Trade Alert: The Deputy Chair & Senior Independent Director Of Dixons Carphone plc (LON:DC.), Tony DeNunzio, Has Just Spent UK£97k Buying 40% More Shares

·3-min read

Investors who take an interest in Dixons Carphone plc (LON:DC.) should definitely note that the Deputy Chair & Senior Independent Director, Tony DeNunzio, recently paid UK£1.22 per share to buy UK£97k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 40%.

See our latest analysis for Dixons Carphone

The Last 12 Months Of Insider Transactions At Dixons Carphone

In fact, the recent purchase by Tony DeNunzio was the biggest purchase of Dixons Carphone shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£1.26. 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 Dixons Carphone share holders is that an insider was buying at near the current price. Tony DeNunzio was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

Dixons Carphone is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Dixons Carphone insiders own 6.2% of the company, worth about UK£90m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Dixons Carphone Insiders?

It is good to see the recent insider purchase. 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. Given that insiders also own a fair bit of Dixons Carphone we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Dixons Carphone has 2 warning signs we think you should be aware of.

But note: Dixons Carphone may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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. 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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