Have Insiders Sold Fiducian Group Shares Recently?

We note that the Fiducian Group Ltd (ASX:FID) Independent Non-Executive Director, Samir Hallab, recently sold AU$95k worth of stock for AU$9.05 per share. However we note that the sale only shrunk their holding by 8.3%.

Check out our latest analysis for Fiducian Group

Fiducian Group Insider Transactions Over The Last Year

Notably, that recent sale by Samir Hallab is the biggest insider sale of Fiducian Group shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of AU$9.10. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 8.3% of Samir Hallab's holding.

Over the last year, we can see that insiders have bought 19.54k shares worth AU$133k. On the other hand they divested 10.53k shares, for AU$95k. Overall, Fiducian Group insiders were net buyers during the last year. The average buy price was around AU$6.79. We don't deny that it is nice to see insiders buying stock in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. 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!

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).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Fiducian Group insiders own 41% of the company, currently worth about AU$117m 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 Fiducian Group Tell Us?

The insider sales have outweighed the insider buying, at Fiducian Group, in the last three months. On the other hand, the insider transactions over the last year are encouraging. And insider ownership remains quite considerable. So we're not too bothered by recent selling. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

But note: Fiducian Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.