Iain Percival Bought 20% More Shares In Trifast

Whilst it may not be a huge deal, we thought it was good to see that the Trifast plc (LON:TRI) CEO, Interim MD of North America Region & Director, Iain Percival, recently bought UK£50k worth of stock, for UK£0.78 per share. That purchase might not be huge but it did increase their holding by 20%.

See our latest analysis for Trifast

The Last 12 Months Of Insider Transactions At Trifast

Notably, that recent purchase by CEO, Interim MD of North America Region & Director Iain Percival was not the only time they bought Trifast shares this year. They previously made an even bigger purchase of UK£88k worth of shares at a price of UK£0.78 per share. That means that even when the share price was higher than UK£0.77 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays 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.

Trifast 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Does Trifast Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Trifast insiders own about UK£6.1m worth of shares (which is 5.9% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Trifast Insider Transactions Indicate?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Trifast stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Trifast. While conducting our analysis, we found that Trifast has 1 warning sign and it would be unwise to ignore it.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 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.