Group CEO & Director Andrew Golding Sold A Bunch Of Shares In OSB Group

Some OSB Group Plc (LON:OSB) shareholders may be a little concerned to see that the Group CEO & Director, Andrew Golding, recently sold a substantial UK£1.2m worth of stock at a price of UK£4.84 per share. That sale reduced their total holding by 28% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At OSB Group

In fact, the recent sale by Andrew Golding was the biggest sale of OSB Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of UK£4.73. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

All up, insiders sold more shares in OSB Group than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for OSB Group

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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. I reckon it's a good sign if insiders own a significant number of shares in the company. OSB Group insiders own about UK£8.1m worth of shares. That equates to 0.5% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About OSB Group Insiders?

The insider sales have outweighed the insider buying, at OSB Group, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But since OSB Group is profitable and growing, we're not too worried by this. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for OSB Group and we suggest you have a look.

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.