U.S. markets close in 6 hours 6 minutes
  • S&P 500

    3,656.08
    +8.79 (+0.24%)
     
  • Dow 30

    29,218.24
    +83.25 (+0.29%)
     
  • Nasdaq

    10,819.03
    -10.48 (-0.10%)
     
  • Russell 2000

    1,671.54
    +9.03 (+0.54%)
     
  • Crude Oil

    79.41
    +0.91 (+1.16%)
     
  • Gold

    1,653.80
    +17.60 (+1.08%)
     
  • Silver

    18.49
    +0.15 (+0.81%)
     
  • EUR/USD

    0.9626
    +0.0029 (+0.30%)
     
  • 10-Yr Bond

    3.8300
    -0.1340 (-3.38%)
     
  • GBP/USD

    1.0678
    -0.0053 (-0.50%)
     
  • USD/JPY

    144.4620
    -0.3290 (-0.23%)
     
  • BTC-USD

    19,152.88
    -1,037.71 (-5.14%)
     
  • CMC Crypto 200

    437.43
    +8.64 (+2.02%)
     
  • FTSE 100

    6,956.85
    -27.74 (-0.40%)
     
  • Nikkei 225

    26,173.98
    -397.89 (-1.50%)
     

The Independent Non Executive Director of Best & Less Group Holdings Ltd (ASX:BST), Stephen Heath, Just Bought 108% More Shares

·3 min read

Whilst it may not be a huge deal, we thought it was good to see that the Best & Less Group Holdings Ltd (ASX:BST) Independent Non Executive Director, Stephen Heath, recently bought AU$114k worth of stock, for AU$2.27 per share. While that isn't the hugest buy, it actually boosted their shareholding by 108%, which is good to see.

See our latest analysis for Best & Less Group Holdings

The Last 12 Months Of Insider Transactions At Best & Less Group Holdings

In fact, the recent purchase by Stephen Heath was the biggest purchase of Best & Less Group Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is AU$2.35. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Best & Less Group Holdings share holders is that an insider was buying at near the current price. Stephen Heath was the only individual insider to buy shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

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 Best & Less Group Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Best & Less Group Holdings insiders own 32% of the company, worth about AU$95m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Best & Less Group Holdings Tell Us?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Best & Less Group Holdings we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Best & Less Group Holdings and we suggest you have a look.

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.

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