Have Insiders Sold Autosports Group Shares Recently?

Some Autosports Group Limited (ASX:ASG) shareholders may be a little concerned to see that the Non Executive Director, James Pagent, recently sold a substantial AU$7.0m worth of stock at a price of AU$3.50 per share. However, that sale only accounted for 4.2% of their holding, so arguably it doesn't say much about their conviction.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Autosports Group Insider Transactions Over The Last Year

In fact, the recent sale by James Pagent was the biggest sale of Autosports Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of AU$3.45. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last twelve months insiders purchased 110.00k shares for AU$195k. But insiders sold 2.00m shares worth AU$7.0m. 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!

Check out our latest analysis for Autosports Group

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership Of Autosports Group

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Autosports Group insiders own 37% of the company, currently worth about AU$260m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Autosports Group Insiders?

An insider sold Autosports 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. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Autosports Group has 3 warning signs (and 1 which is potentially serious) we think you should know about.

But note: Autosports 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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.