Sally-Anne Layman Is The Independent Non-Executive Director of Imdex Limited (ASX:IMD) And They Just Picked Up 86% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Imdex Limited (ASX:IMD) Independent Non-Executive Director, Sally-Anne Layman, recently bought AU$118k worth of stock, for AU$1.96 per share. Even though that isn't a massive buy, it did increase their holding by 86%, which is arguably a good sign.

View our latest analysis for Imdex

The Last 12 Months Of Insider Transactions At Imdex

In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, Anthony Wooles, sold AU$426k worth of shares at a price of AU$2.84 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is AU$1.97. So it may not shed much light on insider confidence at current levels.

All up, insiders sold more shares in Imdex than they bought, over the last year. 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!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Imdex insiders own 3.6% of the company, worth about AU$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Imdex Insiders?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but Imdex insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Imdex.

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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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.