Even if it's not a huge purchase, we think it was good to see that Jakob Sigurdsson, the CEO & Executive Director of Victrex plc (LON:VCT) recently shelled out UK£53k to buy stock, at UK£18.93 per share. That purchase might not be huge but it did increase their holding by 17%.
Victrex Insider Transactions Over The Last Year
In fact, the recent purchase by CEO & Executive Director Jakob Sigurdsson was not their only acquisition of Victrex shares this year. They previously made an even bigger purchase of UK£64k worth of shares at a price of UK£21.44 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£19.33). 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Victrex insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Victrex 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.
Insider Ownership of Victrex
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Victrex insiders own 0.06% of the company, worth about UK£966k. We consider this fairly low insider ownership.
What Might The Insider Transactions At Victrex Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Victrex insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Victrex has 3 warning signs we think you should be aware of.
Of course Victrex 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. 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.