The Managing Director of Municipal Division of Biffa plc (LON:BIFF), Roger Edwards, Just Bought 33% More Shares
Potential Biffa plc (LON:BIFF) shareholders may wish to note that the Managing Director of Municipal Division, Roger Edwards, recently bought UK£179k worth of stock, paying UK£2.38 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 33%.
View our latest analysis for Biffa
Biffa Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the CEO & Executive Director, Michael Robert Topham, sold UK£294k worth of shares at a price of UK£2.23 per share. That means that even when the share price was below the current price of UK£2.47, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 14% of Michael Robert Topham's holding.
Over the last year, we can see that insiders have bought 204815 shares worth UK£443k. But insiders sold 545835 shares worth UK£1.2m. In total, Biffa insiders sold more than they bought over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.2% of Biffa shares, worth about UK£7.4m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Biffa Insiders?
It's certainly positive to see the recent insider purchases. On the other hand the transaction history, over the last year, isn't so positive. Neither the level of insider ownership, nor the transactions over the last twelve months inspire us, but we think the recent buying is positive. 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.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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.
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. Thank you for reading.
