Steppe Cement CEO & Executive Director Acquires 1.1% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Steppe Cement Ltd. (LON:STCM) CEO & Executive Director, Javier del Ser Perez, recently bought UK£45k worth of stock, for UK£0.22 per share. Although the purchase is not a big one, increasing their shareholding by only 1.1%, it can be interpreted as a good sign.

Check out our latest analysis for Steppe Cement

Steppe Cement Insider Transactions Over The Last Year

Notably, that recent purchase by Javier del Ser Perez is the biggest insider purchase of Steppe Cement shares that we've seen in the last year. That implies that an insider found the current price of UK£0.23 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Steppe Cement insider decided to buy shares at close to current prices. Javier del Ser Perez was the only individual insider to buy during the last year.

Javier del Ser Perez purchased 360.00k shares over the year. The average price per share was UK£0.23. 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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Steppe Cement insiders own 57% of the company, currently worth about UK£29m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Steppe Cement Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Steppe Cement. Looks promising! 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. In terms of investment risks, we've identified 3 warning signs with Steppe Cement and understanding these should be part of your investment process.

But note: Steppe Cement may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 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.