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MD & Director Steven Sewell Just Bought 27% More Shares In Abacus Property Group (ASX:ABP)

Simply Wall St

Whilst it may not be a huge deal, we thought it was good to see that the Abacus Property Group (ASX:ABP) MD & Director, Steven Sewell, recently bought AU$129k worth of stock, for AU$2.80 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 27%.

Check out our latest analysis for Abacus Property Group

The Last 12 Months Of Insider Transactions At Abacus Property Group

Notably, that recent purchase by Steven Sewell is the biggest insider purchase of Abacus Property Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$2.84. 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. The good news for Abacus Property Group share holders is that insiders were buying at near the current price.

In the last twelve months Abacus Property Group insiders were buying shares, but not selling. The average buy price was around AU$3.19. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

Abacus Property Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Abacus Property Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own AU$2.1m worth of Abacus Property Group stock, about 0.1% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Abacus 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Abacus Property Group stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for Abacus Property Group and we suggest you have a look.

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.

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. 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.