Non-Executive Chairman Melvyn Egglenton Just Bought Shares In Hansteen Holdings PLC (LON:HSTN)

Simply Wall St

Potential Hansteen Holdings PLC (LON:HSTN) shareholders may wish to note that the Non-Executive Chairman, Melvyn Egglenton, recently bought UK£84k worth of stock, paying UK£0.90 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 115%, potentially signalling some real optimism.

See our latest analysis for Hansteen Holdings

The Last 12 Months Of Insider Transactions At Hansteen Holdings

The Joint Chief Executive & Executive Director, Ian Watson, made the biggest insider sale in the last 12 months. That single transaction was for UK£3.5m worth of shares at a price of UK£0.95 each. So we know that an insider sold shares at around the present share price of UK£0.91. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year, we can see that insiders have bought 207510 shares worth UK£193k. On the other hand they divested 7504079 shares, for UK£7.1m. All up, insiders sold more shares in Hansteen Holdings than they bought, over the last year. You can see a visual depiction of insider transactions (by 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!

LSE:HSTN Recent Insider Trading, October 4th 2019
LSE:HSTN Recent Insider Trading, October 4th 2019

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Hansteen Holdings

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Hansteen Holdings insiders own 5.6% of the company, worth about UK£22m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Hansteen Holdings Insiders?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Hansteen Holdings insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Hansteen Holdings.

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.