Investors who take an interest in Abacus Property Group (ASX:ABP) should definitely note that the MD & Director, Steven Sewell, recently paid AU$3.90 per share to buy AU$169k worth of the stock. Although the purchase only increased their holding by %, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Abacus Property Group
Notably, that recent purchase by MD & Director Steven Sewell was not the only time they bought Abacus Property Group shares this year. They previously made an even bigger purchase of AU$169k worth of shares at a price of AU$3.9 per share. That implies that an insider found the current price of AU$3.93 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today’s share price, as the discount to value may have narrowed with the rising price. Happily, the Abacus Property Group insiders decided to buy shares at close to current prices.
Abacus Property Group insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, 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).
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own AU$4.3m worth of Abacus Property Group stock, about 0.2% of the company. 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 Abacus Property Group Insiders?
It’s certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Abacus Property Group stock. Of course, the future is what matters most. So if you are interested in Abacus Property Group, you should check out this free report on analyst forecasts for the company.
Of course Abacus Property 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.