Goodwin's John Goodwin Acquires 10% More Stock

Investors who take an interest in Goodwin PLC (LON:GDWN) should definitely note that insider John Goodwin recently paid UK£70.30 per share to buy UK£283k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 10%.

Check out our latest analysis for Goodwin

The Last 12 Months Of Insider Transactions At Goodwin

Over the last year, we can see that the biggest insider purchase was by insider Richard Goodwin for UK£312k worth of shares, at about UK£56.25 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of UK£71.80. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 22.50k shares for UK£1.3m. But insiders sold 675.00 shares worth UK£38k. Overall, Goodwin insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Goodwin is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Goodwin insiders own about UK£58m worth of shares. That equates to 11% 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 Goodwin Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Goodwin we think they are probably pretty confident of a bright future. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.

Of course Goodwin 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 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.