Non-Executive Chairman Alan Peterson Just Bought 197% More Shares In HSS Hire Group plc (LON:HSS)

Investors who take an interest in HSS Hire Group plc (LON:HSS) should definitely note that the Non-Executive Chairman, Alan Peterson, recently paid UK£0.10 per share to buy UK£184k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 197%, potentially signalling some real optimism.

View our latest analysis for HSS Hire Group

HSS Hire Group Insider Transactions Over The Last Year

In fact, the recent purchase by Alan Peterson was the biggest purchase of HSS Hire Group shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than UK£0.099 (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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

HSS Hire Group insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our information indicates that HSS Hire Group insiders own about UK£132k worth of shares. This level of insider ownership is notably low, and not very encouraging.

What Might The Insider Transactions At HSS Hire Group Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on HSS Hire Group stock. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 2 warning signs for HSS Hire Group and we suggest you have a look.

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, 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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