Even if it's not a huge purchase, we think it was good to see that James Miller, the Independent Chair of Channel Infrastructure NZ Limited (NZSE:CHI) recently shelled out NZ$130k to buy stock, at NZ$1.57 per share. While that isn't the hugest buy, it actually boosted their shareholding by 70%, which is good to see.
The Last 12 Months Of Insider Transactions At Channel Infrastructure NZ
Over the last year, we can see that the biggest insider sale was by the General Manager of Operations, Jack Stewart, for NZ$143k worth of shares, at about NZ$1.45 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of NZ$1.54. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 36% of Jack Stewart's stake. Jack Stewart was the only individual insider to sell shares in the last twelve months.
Happily, we note that in the last year insiders paid NZ$267k for 177.43k shares. But insiders sold 99.17k shares worth NZ$143k. Overall, Channel Infrastructure NZ insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Channel Infrastructure NZ 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.
Insider Ownership Of Channel Infrastructure NZ
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. Insiders own 2.9% of Channel Infrastructure NZ shares, worth about NZ$17m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Channel Infrastructure NZ Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Channel Infrastructure NZ insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for Channel Infrastructure NZ that deserve your attention before buying any shares.
Of course Channel Infrastructure NZ 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 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.