CEO, MD & Executive Chairman of Volt Group Picks Up 11% More Stock

Investors who take an interest in Volt Group Limited (ASX:VPR) should definitely note that the CEO, MD & Executive Chairman, Adam Boyd, recently paid AU$0.13 per share to buy AU$276k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 11%.

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The Last 12 Months Of Insider Transactions At Volt Group

In fact, the recent purchase by Adam Boyd was the biggest purchase of Volt Group 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$0.14 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Volt Group share holders is that insiders were buying at near the current price.

Volt Group insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Volt Group

Volt Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Volt Group insiders own 55% of the company, currently worth about AU$8.6m based on the recent share price. 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 Does This Data Suggest About Volt Group Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Volt Group. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Volt Group. Be aware that Volt Group is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...

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 of direct interests only, but not derivative transactions or indirect interests.

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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.