Insider Buying: The 360 Capital REIT (ASX:TOT) Non-Executive Director Just Bought 23% More Shares
Even if it's not a huge purchase, we think it was good to see that Andrew Moffat, the Non-Executive Director of 360 Capital REIT (ASX:TOT) recently shelled out AU$88k to buy stock, at AU$0.88 per share. That purchase might not be huge but it did increase their holding by 23%.
View our latest analysis for 360 Capital REIT
360 Capital REIT Insider Transactions Over The Last Year
The MD & Executive Director Tony Pitt made the biggest insider purchase in the last 12 months. That single transaction was for AU$111k worth of shares at a price of AU$1.11 each. That means that even when the share price was higher than AU$0.88 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months 360 Capital REIT insiders were buying shares, but not selling. The average buy price was around AU$0.99. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
360 Capital REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does 360 Capital REIT Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, 360 Capital REIT insiders have about 2.6% of the stock, worth approximately AU$3.1m. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership.
So What Do The 360 Capital REIT Insider Transactions Indicate?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on 360 Capital REIT stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing 360 Capital REIT. To that end, you should learn about the 4 warning signs we've spotted with 360 Capital REIT (including 2 which shouldn't be ignored).
Of course 360 Capital REIT 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, 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.
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