This Insider Has Just Sold Shares In Impax Asset Management Group

Anyone interested in Impax Asset Management Group Plc (LON:IPX) should probably be aware that the Founder, Ian Simm, recently divested UK£87k worth of shares in the company, at an average price of UK£5.21 each. On the bright side, that sale was only 0.2% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Impax Asset Management Group

The Last 12 Months Of Insider Transactions At Impax Asset Management Group

Notably, that recent sale by Ian Simm is the biggest insider sale of Impax Asset Management Group shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of UK£4.96. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Ian Simm ditched 21.11k shares over the year. The average price per share was UK£5.44. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Impax Asset Management Group

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Impax Asset Management Group insiders own 11% of the company, worth about UK£70m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Impax Asset Management Group Tell Us?

An insider hasn't bought Impax Asset Management Group stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. 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. Every company has risks, and we've spotted 3 warning signs for Impax Asset Management Group (of which 1 doesn't sit too well with us!) you should know about.

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.