G8 Education Independent Non-Executive Director Acquires 323% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the G8 Education Limited (ASX:GEM) Independent Non-Executive Director, Stephen Heath, recently bought AU$100k worth of stock, for AU$0.82 per share. While that isn't the hugest buy, it actually boosted their shareholding by 323%, which is good to see.

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The Last 12 Months Of Insider Transactions At G8 Education

In fact, the recent purchase by Stephen Heath was the biggest purchase of G8 Education shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.84 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the G8 Education insiders decided to buy shares at close to current prices.

In the last twelve months G8 Education insiders were buying shares, but not selling. Their average price was about AU$0.97. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for G8 Education

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does G8 Education Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests G8 Education insiders own 0.5% of the company, worth about AU$3.1m. We consider this fairly low insider ownership.

So What Do The G8 Education 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 G8 Education insiders are reasonably well aligned, and optimistic for the future. 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. At Simply Wall St, we found 1 warning sign for G8 Education that deserve your attention before buying any shares.

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.