We wouldn’t blame IG Design Group plc (LON:IGR) shareholders if they were a little worried about the fact that Paul Fineman, the Group CEO recently netted about UK£11m selling shares at an average price of UK£4.60. That diminished their holding by a very significant 100%, which arguably implies a strong desire to reallocate capital.
IG Design Group Insider Transactions Over The Last Year
In fact, the recent sale by Paul Fineman was the biggest sale of IG Design Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of UK£4.51. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, IG Design Group insiders have about 0.5% of the stock, worth approximately UK£2.1m. But they may have an indirect interest through a corporate structure that we haven’t picked up on. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About IG Design Group Insiders?
An insider hasn’t bought IG Design Group stock in the last three months, but there was some selling. And even if we look at the last year, we didn’t see any purchases. But it is good to see that IG Design Group is growing earnings. When you consider that most companies have higher levels of insider ownership, we’re a little wary. So we’d only buy after very careful consideration. 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. Every company has risks, and we’ve spotted 5 warning signs for IG Design Group you should know about.
Of course IG Design Group 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.
If you decide to trade IG Design Group, use the lowest-cost* platform that is rated #1 Overall by Barron’s, Interactive Brokers. Trade stocks, options, futures, forex, bonds and funds on 135 markets, all from a single integrated account.
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.
*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email firstname.lastname@example.org.