Potential Tritax Big Box REIT plc (LON:BBOX) shareholders may wish to note that insider Mark Glenn Shaw recently bought UK£272k worth of stock, paying UK£1.53 for each share. While that’s a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 9.0%.
View our latest analysis for Tritax Big Box REIT
Tritax Big Box REIT Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Partner James Dunlop for UK£273k worth of shares, at about UK£0.88 per share. We do like to see buying, but this purchase was made at well below the current price of UK£1.55. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.
While Tritax Big Box REIT insiders bought shares during the last year, they didn’t sell. They paid about UK£1.14 on average. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today’s share price. 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!
Tritax Big Box REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 0.5% of Tritax Big Box REIT shares, worth about UK£13m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Tritax Big Box REIT Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Tritax Big Box REIT we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Tritax Big Box REIT. Case in point: We’ve spotted 3 warning signs for Tritax Big Box REIT you should be aware of, and 1 of these makes us a bit uncomfortable.
But note: Tritax Big Box REIT 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, but not derivative transactions.
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