Potential UDG Healthcare plc (LON:UDG) shareholders may wish to note that the Independent & Non-Executive Chairman, Shane Cooke, recently bought UK£95k worth of stock, paying UK£7.62 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 81%, potentially signalling some real optimism.
The Last 12 Months Of Insider Transactions At UDG Healthcare
Notably, that recent purchase by Shane Cooke is the biggest insider purchase of UDG Healthcare shares that we've seen in the last year. That implies that an insider found the current price of UK£7.70 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for UDG Healthcare share holders is that insiders were buying at near the current price.
While UDG Healthcare 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
UDG Healthcare is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. We usually like to see fairly high levels of insider ownership. Insiders own 0.3% of UDG Healthcare shares, worth about UK£6.6m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The UDG Healthcare Insider Transactions Indicate?
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 UDG Healthcare insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in UDG Healthcare, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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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