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Insider Buying: The Garda Property Group (ASX:GDF) Executive Director of Garda Capital Limited Just Bought AU$223k Worth Of Shares

Simply Wall St

Potential Garda Property Group (ASX:GDF) shareholders may wish to note that the Executive Director of Garda Capital Limited, Mark Hallett, recently bought AU$223k worth of stock, paying AU$1.39 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.1%.

See our latest analysis for Garda Property Group

The Last 12 Months Of Insider Transactions At Garda Property Group

Notably, that recent purchase by Mark Hallett is the biggest insider purchase of Garda Property Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of AU$1.37. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Mark Hallett was the only individual insider to buy over the year.

Mark Hallett bought 195.72k shares over the last 12 months at an average price of AU$1.39. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

ASX:GDF Recent Insider Trading, February 29th 2020

Garda Property Group 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

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. It appears that Garda Property Group insiders own 15% of the company, worth about AU$42m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Garda Property Group Insiders?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Garda Property Group shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Garda Property Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.