Potential Morses Club PLC (LON:MCL) shareholders may wish to note that the Non-Executive Director, Peter Ward, recently bought UK£254k worth of stock, paying UK£1.27 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 100%, potentially signalling some real optimism.
Morses Club Insider Transactions Over The Last Year
In fact, the recent purchase by Peter Ward was the biggest purchase of Morses Club shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than UK£1.27 (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. To us, it’s very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Peter Ward. Notably Peter Ward was also the biggest seller.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Insider Ownership of Morses Club
Many investors like to check how much of a company is owned by insiders. 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 Morses Club insiders own about UK£5.2m worth of shares (which is 3.1% of the company). However, it’s possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we’re not overly impressed by these holdings.
What Might The Insider Transactions At Morses Club Tell Us?
Insider buying and selling have balanced each other out in the last three months, so we can’t deduct anything useful from these recent trades. But insiders have shown more of an appetite for the stock, over the last year. We’d like to see bigger individual holdings. However, we don’t see anything to make us think Morses Club insiders are doubting the company. Of course, the future is what matters most. So if you are interested in Morses Club, you should check out this free report on analyst forecasts for the company.
Of course Morses Club 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, but not derivative transactions.
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