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Non-Executive Chairman Christopher Aylward Just Bought A Handful Of Shares In APN Property Group Limited (ASX:APD)

Simply Wall St
·3 mins read

Even if it's not a huge purchase, we think it was good to see that Christopher Aylward, the Non-Executive Chairman of APN Property Group Limited (ASX:APD) recently shelled out AU$104k to buy stock, at AU$0.52 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for APN Property Group

The Last 12 Months Of Insider Transactions At APN Property Group

Notably, that recent purchase by Non-Executive Chairman Christopher Aylward was not the only time they bought APN Property Group shares this year. Earlier in the year, they paid AU$0.52 per share in a AU$120k purchase. That means that even when the share price was higher than AU$0.52 (the recent price), an insider wanted to purchase shares. 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. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Christopher Aylward was the only individual insider to buy shares in the last twelve months.

Christopher Aylward bought 900.00k shares over the last 12 months at an average price of AU$0.53. The chart below shows insider transactions (by companies and individuals) over the last year. 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

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

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. A high insider ownership often makes company leadership more mindful of shareholder interests. APN Property Group insiders own about AU$51m worth of shares. That equates to 33% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The APN Property Group Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of APN Property Group we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 3 warning signs for APN Property Group (1 shouldn't be ignored!) and we strongly recommend you look at them before investing.

Of course APN Property 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.

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.