Trade Alert: The Non-Executive Director Of Imperial Brands PLC (LON:IMB), Robert Kunze-Concewitz, Has Just Spent UK£95k Buying 20% More Shares

Investors who take an interest in Imperial Brands PLC (LON:IMB) should definitely note that the Non-Executive Director, Robert Kunze-Concewitz, recently paid UK£13.95 per share to buy UK£95k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 20%.

View our latest analysis for Imperial Brands

Imperial Brands Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when CFO & Executive Director Oliver Tant bought UK£159k worth of shares at a price of UK£15.77 per share. That means that an insider was happy to buy shares at above the current price of UK£14.00. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

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 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 growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Imperial Brands insiders own 0.07% of the company, worth about UK£8.8m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Imperial Brands Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Imperial Brands insiders are reasonably well aligned, and optimistic for the future. 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. 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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