Insider Buying: The EPE Capital Partners Ltd (JSE:EPE) Independent Non-Executive Director Just Bought R434k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that Michael Pfaff, the Independent Non-Executive Director of EPE Capital Partners Ltd (JSE:EPE) recently shelled out R434k to buy stock, at R5.50 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for EPE Capital Partners
The Last 12 Months Of Insider Transactions At EPE Capital Partners
In fact, the recent purchase by Michael Pfaff was the biggest purchase of EPE Capital Partners shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of R5.55 per share to be enticing. 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. 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. Happily, the EPE Capital Partners insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Michael Pfaff.
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!
EPE Capital Partners 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 EPE Capital Partners
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. From our data, it seems that EPE Capital Partners insiders own 5.3% of the company, worth about R76m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The EPE Capital Partners Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of EPE Capital Partners we think they are probably pretty confident of 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. To help with this, we've discovered 2 warning signs (1 is a bit concerning!) that you ought to be aware of before buying any shares in EPE Capital Partners.
Of course EPE Capital Partners 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.
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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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