Even if it's not a huge purchase, we think it was good to see that Tracey Horton, the Non-Executive Director of GPT Group (ASX:GPT) recently shelled out AU$58k to buy stock, at AU$5.83 per share. Even though that isn't a massive buy, it did increase their holding by 133%, which is a arguably a good sign.
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GPT Group Insider Transactions Over The Last Year
Notably, that recent purchase by Tracey Horton is the biggest insider purchase of GPT Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of AU$5.74. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While GPT Group insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
GPT Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does GPT Group Boast High 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. GPT Group insiders own about AU$21m worth of shares. That equates to 0.2% of the company. 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 GPT Group Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in GPT Group shares, given these transactions (along with notable insider ownership of the company). 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. At Simply Wall St, we've found that GPT Group has 5 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
But note: GPT Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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