Non-Executive Director of New Zealand King Salmon Investments Jack Porus Buys 62% More Shares

Potential New Zealand King Salmon Investments Limited (NZSE:NZK) shareholders may wish to note that the Non-Executive Director, Jack Porus, recently bought NZ$349k worth of stock, paying NZ$0.27 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 62%, potentially signalling some real optimism.

View our latest analysis for New Zealand King Salmon Investments

New Zealand King Salmon Investments Insider Transactions Over The Last Year

Notably, that recent purchase by Jack Porus is the biggest insider purchase of New Zealand King Salmon Investments shares that we've seen in the last year. That means that even when the share price was higher than NZ$0.27 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

New Zealand King Salmon Investments insiders may have bought shares in the last year, but they didn't sell any. 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!

New Zealand King Salmon Investments 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 New Zealand King Salmon Investments

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, New Zealand King Salmon Investments insiders have about 4.7% of the stock, worth approximately NZ$6.5m. But they may have an indirect interest through a corporate structure that we haven't picked up on. I generally like to see higher levels of ownership.

So What Do The New Zealand King Salmon Investments Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that New Zealand King Salmon Investments insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, New Zealand King Salmon Investments has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.