Have Insiders Sold Norcros plc (LON:NXR) Shares Recently?

Anyone interested in Norcros plc (LON:NXR) should probably be aware that the Group CEO & Director, Nicholas Kelsall, recently divested UK£106k worth of shares in the company, at an average price of UK£1.85 each. On the bright side, that sale was only 3.3% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Norcros

The Last 12 Months Of Insider Transactions At Norcros

Notably, that recent sale by Nicholas Kelsall is the biggest insider sale of Norcros shares that we've seen in the last year. That means that even when the share price was below the current price of UK£1.94, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 3.3% of Nicholas Kelsall's holding.

Happily, we note that in the last year insiders paid UK£97k for 55.00k shares. But they sold 57.12k shares for UK£106k. 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!

I will like Norcros better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

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. Our data suggests Norcros insiders own 2.2% of the company, worth about UK£3.5m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Norcros Insiders?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Norcros has 4 warning signs and it would be unwise to ignore these.

But note: Norcros 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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