Robert Millner Bought 1.3% More Shares In Washington H. Soul Pattinson

Washington H. Soul Pattinson and Company Limited (ASX:SOL) shareholders (or potential shareholders) will be happy to see that the Chairman of the Board, Robert Millner, recently bought a whopping AU$6.9m worth of stock, at a price of AU$34.70. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 1.3%.

See our latest analysis for Washington H. Soul Pattinson

The Last 12 Months Of Insider Transactions At Washington H. Soul Pattinson

In fact, the recent purchase by Chairman of the Board Robert Millner was not their only acquisition of Washington H. Soul Pattinson shares this year. Earlier in the year, they paid AU$33.65 per share in a AU$13m purchase. That implies that an insider found the current price of AU$35.43 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. The good news for Washington H. Soul Pattinson share holders is that insiders were buying at near the current price.

Washington H. Soul Pattinson insiders may have bought shares in the last year, but they didn't sell any. 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

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Washington H. Soul Pattinson insiders own 5.2% of the company, worth about AU$676m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Washington H. Soul Pattinson Insiders?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Washington H. Soul Pattinson. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Washington H. Soul Pattinson. Be aware that Washington H. Soul Pattinson is showing 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.