Lance Hockridge Is The Independent Non-Executive Director of SeaLink Travel Group Limited (ASX:SLK) And They Just Picked Up 65% More Shares

Investors who take an interest in SeaLink Travel Group Limited (ASX:SLK) should definitely note that the Independent Non-Executive Director, Lance Hockridge, recently paid AU$9.77 per share to buy AU$318k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 65%.

View our latest analysis for SeaLink Travel Group

The Last 12 Months Of Insider Transactions At SeaLink Travel Group

The Non-Executive Director, Christopher Smerdon, made the biggest insider sale in the last 12 months. That single transaction was for AU$500k worth of shares at a price of AU$5.00 each. That means that an insider was selling shares at slightly below the current price (AU$10.36). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 1.5% of Christopher Smerdon's holding. Christopher Smerdon was the only individual insider to sell shares in the last twelve months.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like SeaLink Travel Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of SeaLink Travel Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. SeaLink Travel Group insiders own 30% of the company, currently worth about AU$684m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At SeaLink Travel Group Tell Us?

It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The recent buying by an insider , along with high insider ownership, suggest that SeaLink Travel Group insiders are fairly aligned, and optimistic. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SeaLink Travel Group. When we did our research, we found 3 warning signs for SeaLink Travel Group (1 is concerning!) that we believe deserve your full attention.

Of course SeaLink Travel 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.

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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.
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