The Independent Non-Executive Director of Adbri Limited (ASX:ABC), Emma Stein, Just Bought 74% More Shares

Even if it's not a huge purchase, we think it was good to see that Emma Stein, the Independent Non-Executive Director of Adbri Limited (ASX:ABC) recently shelled out AU$75k to buy stock, at AU$3.31 per share. Even though that isn't a massive buy, it did increase their holding by 74%, which is arguably a good sign.

View our latest analysis for Adbri

Adbri Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Deputy Chair & Lead Independent Director Vanessa Guthrie for AU$251k worth of shares, at about AU$2.51 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$3.31. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Adbri insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Adbri

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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 appears that Adbri insiders own 0.7% of the company, worth about AU$15m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Adbri Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Adbri shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Adbri and we suggest you have a look.

Of course Adbri may not be the best stock to buy. So you may wish to see this free collection of high quality 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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This article by Simply Wall St is general in nature. 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.
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