Even if it's not a huge purchase, we think it was good to see that Nicholas Bull, the Senior Independent Non-Executive Director of Coats Group plc (LON:COA) recently shelled out UK£72k to buy stock, at UK£0.72 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 25%.
Coats Group Insider Transactions Over The Last Year
In fact, the recent purchase by Nicholas Bull was the biggest purchase of Coats Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of UK£0.72. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Nicholas Bull was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Coats Group
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Coats Group insiders own 0.2% of the company, worth about UK£2.4m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Coats Group Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. 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 Coats Group stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Coats Group.
Of course Coats Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
If you spot an error that warrants correction, please contact the editor at email@example.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.
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