Whilst it may not be a huge deal, we thought it was good to see that the Pioneer Global Group Limited (HKG:224) Chairman, Wang Gaw, recently bought HK$60k worth of stock, for HK$1.50 per share. However, we do note that it only increased their holding by 0.006%, and it wasn't a huge purchase by absolute value, either.
Pioneer Global Group Insider Transactions Over The Last Year
In fact, the recent purchase by Wang Gaw was the biggest purchase of Pioneer Global Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of HK$1.52 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Pioneer Global Group insider decided to buy shares at close to current prices. Wang Gaw was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Pioneer Global Group is not the only stock that insiders are buying. 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 Pioneer Global Group
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. It's great to see that Pioneer Global Group insiders own 67% of the company, worth about HK$1.2b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Pioneer Global Group Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Pioneer Global Group. That's what I like to see! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
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.
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