Founder of Ninety One Group Picks Up 6.6% More Stock

Potential Ninety One Group (LON:N91) shareholders may wish to note that the Founder, Hendrik du Toit, recently bought UK£293k worth of stock, paying UK£1.95 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 6.6%.

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Ninety One Group Insider Transactions Over The Last Year

Notably, that recent purchase by Hendrik du Toit is the biggest insider purchase of Ninety One 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£1.95. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. 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. Hendrik du Toit 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. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Ninety One Group

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.

Does Ninety One Group Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.4% of Ninety One Group shares, worth about UK£6.7m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Ninety One Group Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Ninety One Group insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Ninety One Group.

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.