Washington H. Soul Pattinson Insiders Placed Bullish Bets Worth AU$13.7m

Quite a few insiders have dramatically grown their holdings in Washington H. Soul Pattinson and Company Limited (ASX:SOL) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

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Washington H. Soul Pattinson Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board Robert Millner bought AU$6.9m worth of shares at a price of AU$34.77 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$42.51. 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.

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!

See our latest analysis for Washington H. Soul Pattinson

Washington H. Soul Pattinson is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Washington H. Soul Pattinson Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Washington H. Soul Pattinson insiders own 4.8% of the company, currently worth about AU$754m 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.

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

The fact that there have been no Washington H. Soul Pattinson insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Judging from their transactions, and high insider ownership, Washington H. Soul Pattinson insiders feel good about the company's future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Washington H. Soul Pattinson you should know about.

But note: Washington H. Soul Pattinson 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.