This Insider Has Just Sold Shares In Bellway

We wouldn't blame Bellway p.l.c. (LON:BWY) shareholders if they were a little worried about the fact that Keith Adey, the Group Finance Director & Executive Director recently netted about UK£889k selling shares at an average price of UK£32.57. That's a big disposal, and it decreased their holding size by 20%, which is notable but not too bad.

See our latest analysis for Bellway

The Last 12 Months Of Insider Transactions At Bellway

Notably, that recent sale by Keith Adey is the biggest insider sale of Bellway shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of UK£32.22. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Bellway

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Bellway insiders own 0.1% of the company, worth about UK£4.6m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Bellway Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. While it's good to be aware of 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. For example - Bellway has 2 warning signs we think you should be aware of.

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.