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Ben Loomes Is The Chief Executive Officer of John Laing Group plc (LON:JLG) And They Just Picked Up 21% More Shares

Simply Wall St
·3 min read

Investors who take an interest in John Laing Group plc (LON:JLG) should definitely note that the Chief Executive Officer, Ben Loomes, recently paid UK£2.79 per share to buy UK£184k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 21%.

Check out our latest analysis for John Laing Group

The Last 12 Months Of Insider Transactions At John Laing Group

In fact, the recent purchase by Chief Executive Officer Ben Loomes was not their only acquisition of John Laing Group shares this year. Earlier in the year, they paid UK£3.63 per share in a UK£300k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£2.88). It's very possible they regret the purchase, but it's more likely they are bullish about the company. 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.

In the last twelve months insiders purchased 340.54k shares for UK£1.0m. But they sold 5.52k shares for UK£20k. In total, John Laing Group insiders bought more than they sold over the last year. Their average price was about UK£3.05. These transactions suggest that insiders have considered the current price attractive. 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!

insider-trading-volume
insider-trading-volume

John Laing Group 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 of John Laing Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own UK£1.6m worth of John Laing Group stock, about 0.1% of the company. We prefer to see high levels of insider ownership.

So What Do The John Laing Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. 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. 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 John Laing Group stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing John Laing Group. You'd be interested to know, that we found 1 warning sign for John Laing Group and we suggest you have a look.

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.