How Many Shopping Centres Australasia Property Group (ASX:SCP) Shares Have Insiders Sold, In The Last Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in Shopping Centres Australasia Property Group (ASX:SCP).

What Is Insider Buying?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

See our latest analysis for Shopping Centres Australasia Property Group

The Last 12 Months Of Insider Transactions At Shopping Centres Australasia Property Group

The CFO, Head of Investor Relations & Director of Shopping Centres Australasia Property Group RE Limited, Mark Fleming, made the biggest insider sale in the last 12 months. That single transaction was for AU$313k worth of shares at a price of AU$3.13 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (AU$2.42). So it may not tell us anything about how insiders feel about the current share price. Mark Fleming was the only individual insider to sell over the last year.

Happily, we note that in the last year insiders paid AU$173k for 75.60k shares. But insiders sold 100.00k shares worth AU$313k. 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!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Shopping Centres Australasia Property Group Insiders Bought Stock Recently

Over the last three months, we've seen significant insider buying at Shopping Centres Australasia Property Group. Independent Non-Executive Deputy Chair of Shopping Centres Australasia Property Group RE Limited Steven Crane spent AU$83k on stock, and there wasn't any selling. That shows some optimism about the company's future.

Does Shopping Centres Australasia Property Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own AU$5.9m worth of Shopping Centres Australasia Property Group stock, about 0.2% of the company. We consider this fairly low insider ownership.

What Might The Insider Transactions At Shopping Centres Australasia Property Group Tell Us?

It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Shopping Centres Australasia Property Group is showing 4 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...

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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