Those following along with ICS Global Limited (ASX:ICS) will no doubt be intrigued by the recent purchase of shares by insider Damian Banks, who spent a stonking AU$1.3m on stock at an average price of AU$2.13. While that only increased their holding size by -1,223%, it is still a big swing by our standards.
The Last 12 Months Of Insider Transactions At ICS Global
Notably, that recent purchase by Damian Banks is the biggest insider purchase of ICS Global shares that we've seen in the last year. That implies that an insider found the current price of AU$2.22 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the ICS Global insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Damian Banks. We note that Damian Banks was also the biggest seller.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
ICS Global is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. ICS Global insiders own about AU$8.0m worth of shares. That equates to 34% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The ICS Global Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in ICS Global shares, given these transactions (along with notable insider ownership of the company). 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. For example - ICS Global has 2 warning signs we think you should be aware of.
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, but not derivative transactions.
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