U.S. markets close in 3 hours 31 minutes
  • S&P 500

    3,660.94
    -32.29 (-0.87%)
     
  • Dow 30

    29,319.74
    -270.67 (-0.91%)
     
  • Nasdaq

    10,820.82
    -47.11 (-0.43%)
     
  • Russell 2000

    1,668.06
    -11.53 (-0.69%)
     
  • Crude Oil

    77.35
    -1.39 (-1.77%)
     
  • Gold

    1,641.00
    -14.60 (-0.88%)
     
  • Silver

    18.69
    -0.22 (-1.14%)
     
  • EUR/USD

    0.9619
    -0.0069 (-0.71%)
     
  • 10-Yr Bond

    3.8250
    +0.1280 (+3.46%)
     
  • GBP/USD

    1.0664
    -0.0192 (-1.77%)
     
  • USD/JPY

    144.5500
    +1.2300 (+0.86%)
     
  • BTC-USD

    19,065.10
    +17.96 (+0.09%)
     
  • CMC Crypto 200

    437.52
    +4.42 (+1.02%)
     
  • FTSE 100

    7,020.95
    +2.35 (+0.03%)
     
  • Nikkei 225

    26,431.55
    -722.28 (-2.66%)
     

Giles Woodgate Is The Independent Non Executive Director of GDI Property Group (ASX:GDI) And Just Spent AU$92k On Shares

·3 min read

Even if it's not a huge purchase, we think it was good to see that Giles Woodgate, the Independent Non Executive Director of GDI Property Group (ASX:GDI) recently shelled out AU$92k to buy stock, at AU$0.91 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for GDI Property Group

The Last 12 Months Of Insider Transactions At GDI Property Group

In the last twelve months, the biggest single purchase by an insider was when Independent Non Executive Director John Tuxworth bought AU$102k worth of shares at a price of AU$1.02 per share. That means that even when the share price was higher than AU$0.91 (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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Over the last year, we can see that insiders have bought 222.00k shares worth AU$216k. But they sold 107.38k shares for AU$112k. Overall, GDI Property Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of GDI Property 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. It appears that GDI Property Group insiders own 6.3% of the company, worth about AU$31m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The GDI Property Group Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in GDI Property Group and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of GDI Property Group.

Of course GDI Property Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here