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The Independent Non-Executive Director of RPMGlobal Holdings Limited (ASX:RUL), Ross Walker, Just Bought 10.0% More Shares

·3 min read

Investors who take an interest in RPMGlobal Holdings Limited (ASX:RUL) should definitely note that the Independent Non-Executive Director, Ross Walker, recently paid AU$1.50 per share to buy AU$150k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 10.0%.

Check out our latest analysis for RPMGlobal Holdings

RPMGlobal Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Ross Walker is the biggest insider purchase of RPMGlobal Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$1.61. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for RPMGlobal Holdings share holders is that an insider was buying at near the current price. Ross Walker was the only individual insider to buy shares in the last twelve months.

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!

insider-trading-volume
insider-trading-volume

RPMGlobal Holdings 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 RPMGlobal Holdings

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. RPMGlobal Holdings insiders own about AU$37m worth of shares. That equates to 10% of the company. 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 RPMGlobal Holdings Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of RPMGlobal Holdings we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in RPMGlobal Holdings, you should check out this free report on analyst forecasts for the company.

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.

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.

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