Founder and Executive Chairman of 360 Capital Group Picks Up 2.3% More Stock

Those following along with 360 Capital Group Limited (ASX:TGP) will no doubt be intrigued by the recent purchase of shares by Tony Pitt, Founder and Executive Chairman of the company, who spent a stonking AU$1.2m on stock at an average price of AU$0.63. While that only increased their holding size by 2.3%, it is still a big swing by our standards.

View our latest analysis for 360 Capital Group

360 Capital Group Insider Transactions Over The Last Year

Notably, that recent purchase by Founder and Executive Chairman Tony Pitt was not the only time they bought 360 Capital Group shares this year. Earlier in the year, they paid AU$0.59 per share in a AU$4.3m purchase. That means that an insider was happy to buy shares at around the current price of AU$0.61. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the 360 Capital Group insiders decided to buy shares at close to current prices.

360 Capital Group insiders may have bought shares in the last year, but they didn't sell any. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of 360 Capital Group

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. 360 Capital Group insiders own about AU$60m worth of shares (which is 43% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At 360 Capital Group Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest 360 Capital Group insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! 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. At Simply Wall St, we've found that 360 Capital Group has 3 warning signs (2 are significant!) that deserve your attention before going any further with your analysis.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com