Growthpoint Properties Australia (ASX:GOZ) may have lost AU$100m in value but insiders who invested last year have seen gains of around AU$40k to date
- Published
- January 22, 2022
Insiders who bought Growthpoint Properties Australia (ASX:GOZ) stock lover the last 12 months are probably not as affected by last week’s 3.1% loss. Reason being, despite the recent loss, insiders original purchase value of AU$160k is now worth AU$201k.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Growthpoint Properties Australia
Growthpoint Properties Australia Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Non-Executive Director Estienne de Klerk for AU$160k worth of shares, at about AU$3.20 per share. We do like to see buying, but this purchase was made at well below the current price of AU$4.01. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
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!
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
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Growthpoint Properties Australia insiders own 0.9% of the company, worth about AU$27m. 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 Growthpoint Properties Australia Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Growthpoint Properties Australia insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Growthpoint Properties Australia. Our analysis shows 4 warning signs for Growthpoint Properties Australia (2 are a bit unpleasant!) and we strongly recommend you look at them before investing.
Of course Growthpoint Properties Australia 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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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.