Investors who take an interest in Cromwell Property Group (ASX:CMW) should definitely note that the MD, CEO & Director, Paul Weightman, recently paid AU$1.30 per share to buy AU$299k worth of the stock. Although the purchase only increased their holding by 1.0%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Cromwell Property Group
Over the last year, we can see that the biggest insider purchase was by Non-Executive Chairman of the Board Geoffrey Levy for AU$502k worth of shares, at about AU$0.98 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$1.32), 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.
Over the last year, we can see that insiders have bought 1720883 shares worth AU$1.8m. On the other hand they divested 430000 shares, for AU$499k. In total, Cromwell Property Group insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Cromwell Property 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.
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 Cromwell Property Group insiders own 1.2% of the company, worth about AU$40m. 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 Cromwell Property Group Insiders?
We can't make any useful conclusions about recent trading, since insider buying and selling has been balanced. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Cromwell Property Group and we see no evidence to suggest they are worried about the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Cromwell Property Group.
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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If you spot an error that warrants correction, please contact the editor at email@example.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.