Oliver Tant Is The CFO & Executive Director of Imperial Brands PLC (LON:IMB) And They Just Picked Up 16% More Shares

Investors who take an interest in Imperial Brands PLC (LON:IMB) should definitely note that the CFO & Executive Director, Oliver Tant, recently paid UK£15.77 per share to buy UK£159k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 16%.

See our latest analysis for Imperial Brands

The Last 12 Months Of Insider Transactions At Imperial Brands

In fact, the recent purchase by Oliver Tant was the biggest purchase of Imperial Brands 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£15.73). 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While Imperial Brands insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Imperial Brands is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Imperial Brands Boast High 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. We usually like to see fairly high levels of insider ownership. It appears that Imperial Brands insiders own 0.06% of the company, worth about UK£9.2m. 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 Do The Imperial Brands Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. 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 Imperial Brands stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Imperial Brands. For example - Imperial Brands has 2 warning signs we think you should be aware of.

Of course Imperial Brands 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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This article by Simply Wall St is general in nature. 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.
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