Anthony Heraghty Is The Group MD of Super Retail Group Limited (ASX:SUL) And They Just Picked Up 33% More Shares

Investors who take an interest in Super Retail Group Limited (ASX:SUL) should definitely note that the Group MD, Anthony Heraghty, recently paid AU$12.02 per share to buy AU$266k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 33%.

See our latest analysis for Super Retail Group

The Last 12 Months Of Insider Transactions At Super Retail Group

Notably, that recent purchase by Anthony Heraghty is the biggest insider purchase of Super Retail Group shares that we've seen in the last year. That means that even when the share price was higher than AU$11.45 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. We note that Anthony Heraghty was also the biggest seller.

In the last twelve months insiders purchased 37.08k shares for AU$394k. But insiders sold 15.10k shares worth AU$163k. In the last twelve months there was more buying than selling by Super Retail Group insiders. The average buy price was around AU$10.63. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Super Retail Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Super Retail Group Boast High Insider Ownership?

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. Super Retail Group insiders own about AU$828m worth of shares (which is 31% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Super Retail Group Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Super Retail Group insiders are well aligned, and quite possibly think the share price is too low. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 3 warning signs (1 is concerning!) that you ought to be aware of before buying any shares in Super Retail Group.

But note: Super Retail 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.

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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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