Whilst it may not be a huge deal, we thought it was good to see that the Wagners Holding Company Limited (ASX:WGN) Independent Non-Executive Director, Ross Walker, recently bought AU$66k worth of stock, for AU$0.80 per share. While that isn't the hugest buy, it actually boosted their shareholding by 70%, which is good to see.
Wagners Holding Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Denis Wagner bought AU$99k worth of shares at a price of AU$1.40 per share. That means that an insider was happy to buy shares at above the current price of AU$0.87. 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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Wagners Holding insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around AU$1.03. I'd consider this a positive as it suggests insiders see value at around the current price. 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!
Wagners Holding is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Wagners Holding insiders own about AU$78m worth of shares (which is 48% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Wagners Holding Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Wagners Holding. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wagners Holding. You'd be interested to know, that we found 1 warning sign for Wagners Holding and we suggest you have a look.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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