Gregory Garvey Is The Non-Executive Chairman of the Board of Envipco Holding N.V. (AMS:ENVI) And They Just Picked Up 39% More Shares
Envipco Holding N.V. (AMS:ENVI) shareholders (or potential shareholders) will be happy to see that the Non-Executive Chairman of the Board, Gregory Garvey, recently bought a whopping €5.6m worth of stock, at a price of €3.00. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 39%.
View our latest analysis for Envipco Holding
Envipco Holding Insider Transactions Over The Last Year
In fact, the recent purchase by Gregory Garvey was the biggest purchase of Envipco Holding shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than €2.82 (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. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 1.88m shares for €5.6m. On the other hand they divested 1.85m shares, for €5.6m. Overall, Envipco Holding insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Insider Ownership Of Envipco Holding
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Envipco Holding insiders own about €89m worth of shares (which is 68% 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 Do The Envipco Holding Insider Transactions Indicate?
Insider buying and selling have balanced each other out in the last three months, so we can't deduct anything useful from these recent trades. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Envipco Holding insiders think the business has merit. 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. At Simply Wall St, we've found that Envipco Holding has 3 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.
But note: Envipco Holding 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.
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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.
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