Shirble Department Store Holdings (China) Limited (HKG:312) shareholders (or potential shareholders) will be happy to see that the Co-Chairman, Xiangbo Yang, recently bought a whopping HK$6.8m worth of stock, at a price of HK$1.34. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.4%.
The Last 12 Months Of Insider Transactions At Shirble Department Store Holdings (China)
Notably, that recent purchase by Co-Chairman Xiangbo Yang was not the only time they bought Shirble Department Store Holdings (China) shares this year. They previously made an even bigger purchase of HK$24m worth of shares at a price of HK$7.52 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$1.34). 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. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Xiangbo Yang.
Xiangbo Yang bought 32.70m shares over the last 12 months at an average price of HK$1.91. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Shirble Department Store Holdings (China) 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.
Does Shirble Department Store Holdings (China) Boast High 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Shirble Department Store Holdings (China) insiders own 69% of the company, currently worth about HK$2.3b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Shirble Department Store Holdings (China) Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Shirble Department Store Holdings (China). Nice! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.