How Many Insiders Sold Bloomsbury Publishing plc (LON:BMY) Shares?
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize!
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in Bloomsbury Publishing plc (LON:BMY).
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.
Insider transactions are not the most important thing when it comes to long-term investing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.
See our latest analysis for Bloomsbury Publishing
Bloomsbury Publishing Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when Co-Founder John Newton sold UK£304k worth of shares at a price of UK£2.34 per share. So we know that an insider sold shares at around the present share price of UK£2.21. While their view may have changed since the sale, this is not a particularly positive fact. We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price. John Newton was the only individual insider to sell shares in the last twelve months.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Bloomsbury Publishing Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Bloomsbury Publishing insiders own 1.4% of the company, worth about UK£2.4m. We prefer to see high levels of insider ownership.
So What Do The Bloomsbury Publishing Insider Transactions Indicate?
The fact that there have been no Bloomsbury Publishing insider transactions recently certainly doesn’t bother us. We don’t take much encouragement from the transactions by Bloomsbury Publishing insiders. And we’re not picking up on high enough insider ownership to give us any comfort. Of course, the future is what matters most. So if you are interested in Bloomsbury Publishing, you should check out this free report on analyst forecasts for the company.
Of course Bloomsbury Publishing may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
