Trade Alert: The Non-Executive Director Of Victory Offices Limited (ASX:VOL), Shane Tanner, Has Just Spent AU$66k Buying A Few More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Victory Offices Limited (ASX:VOL) Non-Executive Director, Shane Tanner, recently bought AU$66k worth of stock, for AU$0.33 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Victory Offices

The Last 12 Months Of Insider Transactions At Victory Offices

In fact, the recent purchase by Shane Tanner was the biggest purchase of Victory Offices shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.34 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Victory Offices share holders is that insiders were buying at near the current price.

Victory Offices insiders may have bought shares in the last year, but they didn't sell any. 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!

Victory Offices is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Victory Offices Boast High Insider Ownership?

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. From looking at our data, insiders own AU$1.0m worth of Victory Offices stock, about 3.8% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We consider this fairly low insider ownership.

What Might The Insider Transactions At Victory Offices Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Victory Offices stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Victory Offices. At Simply Wall St, we've found that Victory Offices has 3 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.

But note: Victory Offices 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.

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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. 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.
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