The Independent Non-Executive Director of DEXUS Funds Management Limited of Dexus (ASX:DXS), Warwick Negus, Just Bought A Few More Shares

By
Simply Wall St
Published
May 12, 2022
ASX:DXS
Source: Shutterstock

Potential Dexus (ASX:DXS) shareholders may wish to note that the Independent Non-Executive Director of DEXUS Funds Management Limited, Warwick Negus, recently bought AU$225k worth of stock, paying AU$11.25 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Dexus

The Last 12 Months Of Insider Transactions At Dexus

In fact, the recent purchase by Warwick Negus was the biggest purchase of Dexus shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than AU$10.40 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Warwick Negus was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
ASX:DXS Insider Trading Volume May 12th 2022

Dexus is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Dexus

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Dexus insiders own 0.1% 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.

So What Do The Dexus Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Dexus we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 3 warning signs for Dexus (1 shouldn't be ignored!) and we strongly recommend you look at them before investing.

Of course Dexus 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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