Yahoo Finance Trade Alert: The Non-Executive Chairman Of HSS Hire Group plc (LON:HSS), Alan Peterson, Has Just Spent UK£184k Buying 197% More Shares
Investors who take an interest in HSS Hire Group plc (LON:HSS) should definitely note that the Non-Executive Chairman, Alan Peterson, recently paid UK£0.10 per share to buy UK£184k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 197%.
View our latest analysis for HSS Hire Group
HSS Hire Group Insider Transactions Over The Last Year
In fact, the recent purchase by Alan Peterson was the biggest purchase of HSS Hire Group 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£0.099 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While HSS Hire Group 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our information indicates that HSS Hire Group insiders own about UK£132k worth of shares. We might be missing something but that seems like very low insider ownership.
So What Does This Data Suggest About HSS Hire Group Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that HSS Hire Group insiders are expecting 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. In terms of investment risks, we've identified 2 warning signs with HSS Hire Group and understanding them should be part of your investment process.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
