Non-Independent & Non-Executive Chairman of Heartland Group Holdings Picks Up 20% More Stock

Heartland Group Holdings Limited (NZSE:HGH) shareholders (or potential shareholders) will be happy to see that the Non-Independent & Non-Executive Chairman, Gregory Tomlinson, recently bought a whopping NZ$14m worth of stock, at a price of NZ$1.00. Not only is that a big swing, but it increased their holding size by 20%, which is definitely great to see.

Check out our latest analysis for Heartland Group Holdings

The Last 12 Months Of Insider Transactions At Heartland Group Holdings

Notably, that recent purchase by Gregory Tomlinson is the biggest insider purchase of Heartland Group Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of NZ$1.06. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Heartland Group Holdings share holders is that an insider was buying at near the current price. Gregory Tomlinson was the only individual insider to buy during the last year.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Heartland Group Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Heartland Group Holdings insiders own 10% of the company, worth about NZ$95m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Heartland Group Holdings Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Heartland Group Holdings insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Heartland Group Holdings.

But note: Heartland Group Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 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.