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Investors who take an interest in Duke Royalty Limited (LON:DUKE) should definitely note that the Executive Director, Charles Cannon-Brookes, recently paid UK£0.35 per share to buy UK£82k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 7.4%.
Duke Royalty Insider Transactions Over The Last Year
Notably, that recent purchase by Charles Cannon-Brookes is the biggest insider purchase of Duke Royalty 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£0.35. 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. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Duke Royalty insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Duke Royalty is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Based on our data, Duke Royalty insiders have about 3.6% of the stock, worth approximately UK£3.2m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Duke Royalty Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. 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 Duke Royalty stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Duke Royalty has 4 warning signs (2 are a bit unpleasant!) that deserve your attention before going any further with your analysis.
Of course Duke Royalty 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.
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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