Argentex Group Independent Chairman of the Board Acquires 118% More Stock

Potential Argentex Group PLC (LON:AGFX) shareholders may wish to note that the Independent Chairman of the Board, Nigel Railton, recently bought UK£214k worth of stock, paying UK£0.31 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 118%.

Check out our latest analysis for Argentex Group

The Last 12 Months Of Insider Transactions At Argentex Group

Notably, that recent purchase by Nigel Railton is the biggest insider purchase of Argentex Group shares that we've seen in the last year. That implies that an insider found the current price of UK£0.31 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

Argentex Group 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. By clicking on the graph below, you can see the precise details of each insider transaction!

Argentex Group 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 Argentex Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Argentex Group insiders own about UK£8.8m worth of shares. That equates to 24% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Argentex Group Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Argentex Group we think they are probably pretty confident of a bright future. 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. Be aware that Argentex Group is showing 4 warning signs in our investment analysis, and 1 of those is potentially serious...

Of course Argentex Group 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.