Douglas Grant Bought 228% More Shares In Manx Financial Group

Potential Manx Financial Group PLC (LON:MFX) shareholders may wish to note that the CEO & Director, Douglas Grant, recently bought UK£245k worth of stock, paying UK£0.15 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 228%.

See our latest analysis for Manx Financial Group

The Last 12 Months Of Insider Transactions At Manx Financial Group

Notably, that recent purchase by Douglas Grant is the biggest insider purchase of Manx Financial Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of UK£0.14. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Douglas Grant was the only individual insider to buy shares in the last twelve months.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Manx Financial Group insiders own 35% of the company, worth about UK£6.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Manx Financial Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Manx Financial Group we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Manx Financial Group. You'd be interested to know, that we found 3 warning signs for Manx Financial Group and we suggest you have a look.

But note: Manx Financial Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.