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The Non-Executive Independent Director of Kathmandu Holdings Limited (NZSE:KMD), Philip Bowman, Just Bought 33% More Shares

Simply Wall St
·3 mins read

Even if it's not a huge purchase, we think it was good to see that Philip Bowman, the Non-Executive Independent Director of Kathmandu Holdings Limited (NZSE:KMD) recently shelled out NZ$65k to buy stock, at NZ$1.31 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 33%.

Check out our latest analysis for Kathmandu Holdings

Kathmandu Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Group CEO Xavier Simonet bought NZ$245k worth of shares at a price of NZ$0.50 per share. Even though the purchase was made at a significantly lower price than the recent price (NZ$1.23), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Kathmandu Holdings insiders were buying shares, but not selling. The average buy price was around NZ$0.64. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

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

Does Kathmandu Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own NZ$3.9m worth of Kathmandu Holdings stock, about 0.4% of the company. We prefer to see high levels of insider ownership.

So What Do The Kathmandu Holdings 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. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Kathmandu Holdings insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kathmandu Holdings. To that end, you should learn about the 3 warning signs we've spotted with Kathmandu Holdings (including 1 which can't be ignored).

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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.