CEO, Executive Director and Director of Health of Johnson Service Group Peter Egan Buys 17% More Shares
Investors who take an interest in Johnson Service Group PLC (LON:JSG) should definitely note that the CEO, Executive Director and Director of Health, Peter Egan, recently paid UK£1.37 per share to buy UK£89k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 17%.
View our latest analysis for Johnson Service Group
The Last 12 Months Of Insider Transactions At Johnson Service Group
In fact, the recent purchase by Peter Egan was the biggest purchase of Johnson Service Group 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£1.37. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Johnson Service Group insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Peter Egan.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Johnson Service Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Johnson Service Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Johnson Service Group insiders have about 0.3% of the stock, worth approximately UK£1.7m. I generally like to see higher levels of ownership.
So What Do The Johnson Service Group Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Johnson Service Group insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Johnson Service Group.
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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
