Stock Analysis

Have Insiders Sold Shaver Shop Group Limited (ASX:SSG) Shares Recently?

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ASX:SSG
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Anyone interested in Shaver Shop Group Limited (ASX:SSG) should probably be aware that the CEO, MD & Executive Director, Cameron Fox, recently divested AU$628k worth of shares in the company, at an average price of AU$1.06 each. The eyebrow raising move amounted to a reduction of 13% in their holding.

Check out our latest analysis for Shaver Shop Group

The Last 12 Months Of Insider Transactions At Shaver Shop Group

Over the last year, we can see that the biggest insider sale was by the Independent Non-Executive Director, Brian Singer, for AU$2.7m worth of shares, at about AU$0.90 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of AU$1.05. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 48% of Brian Singer's holding.

Over the last year, we can see that insiders have bought 633.00k shares worth AU$366k. On the other hand they divested 3.59m shares, for AU$3.3m. Over the last year we saw more insider selling of Shaver Shop Group shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
ASX:SSG Insider Trading Volume December 11th 2020

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Shaver Shop Group

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Shaver Shop Group insiders own about AU$17m worth of shares. That equates to 13% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Shaver Shop Group Insiders?

Unfortunately, there has been more insider selling of Shaver Shop Group stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Shaver Shop Group makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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 - Shaver Shop Group has 2 warning signs we think you should be aware of.

Of course Shaver Shop Group 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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