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The Non-Executive Director of Breville Group Limited (ASX:BRG), Dean Howell, Just Bought 3.8% More Shares

Simply Wall St

Even if it's not a huge purchase, we think it was good to see that Dean Howell, the Non-Executive Director of Breville Group Limited (ASX:BRG) recently shelled out AU$84k to buy stock, at AU$16.84 per share. However, we do note that it only increased their holding by 3.8%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Breville Group

The Last 12 Months Of Insider Transactions At Breville Group

In fact, the recent purchase by Dean Howell was the biggest purchase of Breville 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 AU$16.97. 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. The good news for Breville Group share holders is that insiders were buying at near the current price.

Breville Group insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

ASX:BRG Recent Insider Trading, December 21st 2019

Breville 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 of Breville Group

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Breville Group insiders own about AU$31m worth of shares. That equates to 1.4% of the company. 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 Breville Group Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Breville Group shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Breville Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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 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.

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. Thank you for reading.