Symphony Holdings Limited (HKG:1223) shareholders (or potential shareholders) will be happy to see that insider Lu Lambert recently bought a whopping HK$83m worth of stock, at a price of HK$0.83. That increased their holding by a full 83%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
The Last 12 Months Of Insider Transactions At Symphony Holdings
In fact, the recent purchase by Lu Lambert was the biggest purchase of Symphony Holdings 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 HK$0.91 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Symphony Holdings insiders decided to buy shares at close to current prices.
Symphony Holdings insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Symphony Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Symphony Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company 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's great to see that Symphony Holdings insiders own 58% of the company, worth about HK$1.6b. 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 Does This Data Suggest About Symphony Holdings Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Symphony Holdings. That's what I like to see! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
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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