U.S. Markets close in 3 hrs 51 mins
  • S&P 500

    3,913.90
    +2.16 (+0.06%)
     
  • Dow 30

    31,531.95
    +31.27 (+0.10%)
     
  • Nasdaq

    11,564.75
    -42.87 (-0.37%)
     
  • Russell 2000

    1,778.74
    +13.01 (+0.74%)
     
  • Crude Oil

    109.01
    +1.39 (+1.29%)
     
  • Gold

    1,826.80
    -3.50 (-0.19%)
     
  • Silver

    21.29
    +0.17 (+0.78%)
     
  • EUR/USD

    1.0607
    +0.0048 (+0.4561%)
     
  • 10-Yr Bond

    3.1870
    +0.0620 (+1.98%)
     
  • Vix

    27.48
    +0.25 (+0.92%)
     
  • GBP/USD

    1.2299
    +0.0029 (+0.2374%)
     
  • USD/JPY

    135.2210
    +0.0510 (+0.0377%)
     
  • BTC-USD

    20,729.79
    -598.65 (-2.81%)
     
  • CMC Crypto 200

    451.68
    -10.12 (-2.19%)
     
  • FTSE 100

    7,258.32
    +49.51 (+0.69%)
     
  • Nikkei 225

    26,871.27
    +379.30 (+1.43%)
     

The Non-Executive Director of HSC Technology Group Ltd (ASX:HSC), Ramsay Carter, Just Bought 31% More Shares

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Even if it's not a huge purchase, we think it was good to see that Ramsay Carter, the Non-Executive Director of HSC Technology Group Ltd (ASX:HSC) recently shelled out AU$60k to buy stock, at AU$0.012 per share. That purchase might not be huge but it did increase their holding by 31%.

View our latest analysis for HSC Technology Group

HSC Technology Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Kyle Haynes for AU$714k worth of shares, at about AU$0.018 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.01). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months HSC Technology Group insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

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

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that HSC Technology Group insiders own 21% of the company, worth about AU$4.2m. 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 HSC Technology Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in HSC Technology Group shares, given these transactions (along with notable insider ownership of the company). 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 6 warning signs for HSC Technology Group (2 are significant!) and we strongly recommend you look at these before investing.

Of course HSC Technology 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.

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

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.