Stock Analysis

Trade Alert: The Executive Chairman Of IVE Group Limited (ASX:IGL), Geoff Selig, Has Sold Some Shares Recently

  •  Updated
ASX:IGL
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We wouldn't blame IVE Group Limited (ASX:IGL) shareholders if they were a little worried about the fact that Geoff Selig, the Executive Chairman recently netted about AU$10m selling shares at an average price of AU$2.25. That's a big disposal, and it decreased their holding size by 35%, which is notable but not too bad.

If you're not interested in researching IGL's insider transactions, we have a free list of interesting investing ideas to potentially inspire your next investment!

The Last 12 Months Of Insider Transactions At IVE Group

Notably, that recent sale by Geoff Selig is the biggest insider sale of IVE Group shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of AU$2.24. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid AU$6.7m for 3.24m shares. But insiders sold 4.50m shares worth AU$10m. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
ASX:IGL Insider Trading Volume September 30th 2022

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does IVE Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 20% of IVE Group shares, worth about AU$69m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About IVE Group Insiders?

An insider sold IVE Group shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that IVE Group is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! 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. Case in point: We've spotted 3 warning signs for IVE Group you should be aware of.

Of course IVE Group 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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About ASX:IGL

IVE Group

IVE Group Limited engages in the marketing business in Australia.

The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.

Analysis AreaScore (0-6)
Valuation6
Future Growth5
Past Performance2
Financial Health6
Dividends4

Read more about these checks in the individual report sections or in our analysis model.

Very undervalued with flawless balance sheet and pays a dividend.