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Who Has Been Selling PageGroup plc (LON:PAGE) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we’ll take a look at whether insiders have been buying or selling shares in PageGroup plc (LON:PAGE).

What Is Insider Buying?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’

View our latest analysis for PageGroup

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The Last 12 Months Of Insider Transactions At PageGroup

In the last twelve months, the biggest single sale by an insider was when CEO, Member of Executive Board & Executive Director (Leave of Absence) Stephen Ingham sold UK£3.6m worth of shares at a price of UK£5.47 per share. That means that an insider was selling shares at around the current price of UK£4.76. While their view may have changed since the sale, this is not a particularly positive fact. We usually pause to reflect on the potential that a stock has a high valuation, if insiders have been selling at around the current price. Stephen Ingham was the only individual insider to sell over the last year.

Stephen Ingham sold a total of 750.00k shares over the year at an average price of UK£5.40. 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:PAGE Recent Insider Trading, March 23rd 2019
LSE:PAGE Recent Insider Trading, March 23rd 2019

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of PageGroup

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From our data, it seems that PageGroup insiders own 0.3% of the company, worth about UK£5.1m. Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

So What Do The PageGroup Insider Transactions Indicate?

It doesn’t really mean much that no insider has traded PageGroup shares in the last quarter. The insider transactions at PageGroup are not inspiring us to buy. And we’re not picking up on high enough insider ownership to give us any comfort. 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.

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.

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.

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