Cameron McCullagh Is The Executive Director and Head of Finance Broking & Aggregation of COG Financial Services Limited (ASX:COG) And Just Spent AU$199k On Shares

Potential COG Financial Services Limited (ASX:COG) shareholders may wish to note that the Executive Director and Head of Finance Broking & Aggregation, Cameron McCullagh, recently bought AU$199k worth of stock, paying AU$0.10 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for COG Financial Services

The Last 12 Months Of Insider Transactions At COG Financial Services

In fact, the recent purchase by Executive Director and Head of Finance Broking & Aggregation Cameron McCullagh was not their only acquisition of COG Financial Services shares this year. Earlier in the year, they paid AU$0.066 per share in a AU$257k purchase. We do like to see buying, but this purchase was made at well below the current price of AU$0.10. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Cameron McCullagh bought 5.88m shares over the last 12 months at an average price of AU$0.078. You can see a visual depiction of insider transactions (by companies and 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).

Does COG Financial Services Boast High Insider Ownership?

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. Insiders own 20% of COG Financial Services shares, worth about AU$34m. 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 Does This Data Suggest About COG Financial Services Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of COG Financial Services we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 5 warning signs for COG Financial Services you should be aware of, and 2 of them are significant.

Of course COG Financial Services 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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