Warwick Sauer of Excelsior Capital Limited (ASX:ECL) Just Spent AU$279k On Shares
Potential Excelsior Capital Limited (ASX:ECL) shareholders may wish to note that insider Warwick Sauer recently bought AU$279k worth of stock, paying AU$1.52 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 31%.
Check out our latest analysis for Excelsior Capital
Excelsior Capital Insider Transactions Over The Last Year
The Executive Director Leanne Catelan made the biggest insider purchase in the last 12 months. That single transaction was for AU$885k worth of shares at a price of AU$1.28 each. That means that an insider was happy to buy shares at around the current price of AU$1.46. 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 Excelsior Capital insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid AU$2.9m for 2.22m shares. But they sold 70.00k shares for AU$92k. In total, Excelsior Capital insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Excelsior Capital 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 Excelsior Capital
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Excelsior Capital insiders own 61% of the company, currently worth about AU$26m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Excelsior Capital Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Excelsior Capital insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 3 warning signs we've spotted with Excelsior Capital (including 1 which makes us a bit uncomfortable).
Of course Excelsior Capital 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.
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 (at) simplywallst.com.
