Hygrovest Stock Down 15% But Insiders Still In AU$82k Profit

Insiders who purchased Hygrovest Limited (ASX:HGV) shares in the past 12 months are unlikely to be deeply impacted by the stock's 15% decline over the past week. Even after accounting for the recent loss, the AU$88.6k worth of stock purchased by them is now worth AU$170.3k or in other words, their investment continues to give good returns.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Hygrovest

The Last 12 Months Of Insider Transactions At Hygrovest

Over the last year, we can see that the biggest insider purchase was by insider Peter Wall for AU$83k worth of shares, at about AU$0.02 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$0.04), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 4.26m shares for AU$89k. But insiders sold 4.14m shares worth AU$83k. Overall, Hygrovest insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Hygrovest is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Have Hygrovest Insiders Traded Recently?

Independent Non-Executive Chairman Warwick Sauer bought just AU$5.8k worth of shares in that time. That's not much at all. So it is hard to draw any conclusion about how insiders are feeling about the stock, from these recent trades.

Insider Ownership Of Hygrovest

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. It appears that Hygrovest insiders own 15% of the company, worth about AU$1.3m. 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 Hygrovest Insiders?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Insiders own shares in Hygrovest and we see no evidence to suggest they are worried about the 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. You'd be interested to know, that we found 3 warning signs for Hygrovest and we suggest you have a look.

Of course Hygrovest 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 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.