- Oops!Something went wrong.Please try again later.
Investors who take an interest in Spark Infrastructure Group (ASX:SKI) should definitely note that the Independent Director, Miles George, recently paid AU$2.06 per share to buy AU$206k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 50%.
The Last 12 Months Of Insider Transactions At Spark Infrastructure Group
In the last twelve months, the biggest single purchase by an insider was when MD, CEO & Executive Director Richard Francis bought AU$325k worth of shares at a price of AU$1.77 per share. That means that an insider was happy to buy shares at around the current price of AU$2.05. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Spark Infrastructure Group insiders decided to buy shares at close to current prices.
While Spark Infrastructure Group insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and 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!
Spark Infrastructure Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Spark Infrastructure Group
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Spark Infrastructure Group insiders own 0.1% of the company, worth about AU$3.5m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Spark Infrastructure Group Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Spark Infrastructure Group insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Spark Infrastructure Group is showing 4 warning signs in our investment analysis, and 3 of those are a bit concerning...
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, but not derivative transactions.
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. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.