Peter Lacaze Buys Handful Of Shares In Paragon Care

Investors who take an interest in Paragon Care Limited (ASX:PGC) should definitely note that the Non-Executive Chairman, Peter Lacaze, recently paid AU$0.29 per share to buy AU$187k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

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The Last 12 Months Of Insider Transactions At Paragon Care

The Non-Executive Director, John Walstab, made the biggest insider sale in the last 12 months. That single transaction was for AU$7.0m worth of shares at a price of AU$0.50 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is AU$0.29. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was John Walstab.

Over the last year, we can see that insiders have bought 1.93m shares worth AU$582k. But they sold 14.00m shares for AU$7.0m. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Paragon Care

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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. We usually like to see fairly high levels of insider ownership. Paragon Care insiders own 67% of the company, currently worth about AU$329m based on the recent share price. 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 Paragon Care Tell Us?

It is good to see recent purchasing. However, the longer term transactions are not so encouraging. The recent buying by some insiders , along with high insider ownership, suggest that Paragon Care insiders are fairly aligned, and optimistic. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Paragon Care. You'd be interested to know, that we found 1 warning sign for Paragon Care and we suggest you have a look.

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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.