Have Garda Property Group (ASX:GDF) Insiders Been Selling Their Stock?

Anyone interested in Garda Property Group (ASX:GDF) should probably be aware that the Executive Chairman & MD of Garda Capital Limited, Matthew Madsen, recently divested AU$322k worth of shares in the company, at an average price of AU$1.34 each. On the bright side, that sale was only 1.4% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Garda Property Group

The Last 12 Months Of Insider Transactions At Garda Property Group

In fact, the recent sale by Executive Chairman & MD of Garda Capital Limited Matthew Madsen was not their only sale of Garda Property Group shares this year. Earlier in the year, they fetched AU$1.55 per share in a -AU$930k sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is AU$1.33. So it may not shed much light on insider confidence at current levels.

All up, insiders sold more shares in Garda Property Group than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Garda Property Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 15% of Garda Property Group shares, worth about AU$42m. 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 Does This Data Suggest About Garda Property Group Insiders?

An insider sold Garda Property Group shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Garda Property Group. For instance, we've identified 5 warning signs for Garda Property Group (2 can't be ignored) you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.