Vanquis Banking Group Independent Non-Executive Chairman Acquires 200% More Stock

Investors who take an interest in Vanquis Banking Group plc (LON:VANQ) should definitely note that the Independent Non-Executive Chairman, Peter Estlin, recently paid UK£0.55 per share to buy UK£109k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 200%.

See our latest analysis for Vanquis Banking Group

The Last 12 Months Of Insider Transactions At Vanquis Banking Group

In fact, the recent purchase by Peter Estlin was the biggest purchase of Vanquis Banking Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.50). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While Vanquis Banking Group insiders bought shares during the last year, they didn't sell. 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Vanquis Banking Group

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From what we can see in our data, insiders own only about UK£420k worth of Vanquis Banking Group shares. We might be missing something but that seems like very low insider ownership.

What Might The Insider Transactions At Vanquis Banking Group Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Vanquis Banking Group stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Vanquis Banking Group. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Vanquis Banking Group.

Of course Vanquis Banking Group 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 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.