Carl Scarcella Is The Independent Non-Executive Director of Easton Investments Limited (ASX:EAS) And They Just Picked Up 33% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Easton Investments Limited (ASX:EAS) Independent Non-Executive Director, Carl Scarcella, recently bought AU$55k worth of stock, for AU$1.10 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 33%.
View our latest analysis for Easton Investments
The Last 12 Months Of Insider Transactions At Easton Investments
While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.
In the last twelve months Easton Investments insiders were buying shares, but not selling. The average buy price was around AU$1.02. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price of AU$1.15. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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.
Does Easton Investments Boast High Insider Ownership?
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. Easton Investments insiders own about AU$18m worth of shares (which is 45% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Easton Investments Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Easton Investments. Looks promising! 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 - Easton Investments has 5 warning signs we think you should be aware of.
But note: Easton Investments 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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