Insider Buying: The Centuria Capital Group (ASX:CNI) Independent Non-Executive Director Just Bought 13% More Shares

Potential Centuria Capital Group (ASX:CNI) shareholders may wish to note that the Independent Non-Executive Director, Peter Done, recently bought AU$399k worth of stock, paying AU$2.25 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.

View our latest analysis for Centuria Capital Group

The Last 12 Months Of Insider Transactions At Centuria Capital Group

The Independent Non-Executive Director, John Slater, made the biggest insider sale in the last 12 months. That single transaction was for AU$403k worth of shares at a price of AU$2.11 each. That means that even when the share price was below the current price of AU$2.48, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 24% of John Slater's holding. John Slater was the only individual insider to sell over the last year.

In the last twelve months insiders purchased 279.17k shares for AU$621k. But they sold 200.00k shares for AU$403k. Overall, Centuria Capital Group insiders were net buyers during the last year. 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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 2.8% of Centuria Capital Group shares, worth about AU$41m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Centuria Capital Group Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Centuria Capital Group insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centuria Capital Group. While conducting our analysis, we found that Centuria Capital Group has 4 warning signs and it would be unwise to ignore these.

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. 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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