Aptamer Group Independent Non-Executive Chairman & Scientific Advisory Board Member Acquires 2.9% More Stock

Even if it's not a huge purchase, we think it was good to see that Adam Hargreaves, the Independent Non-Executive Chairman & Scientific Advisory Board Member of Aptamer Group PLC (LON:APTA) recently shelled out UK£50k to buy stock, at UK£0.01 per share. However, it only increased their shares held by 2.9%, and it wasn't a huge purchase by absolute value, either.

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Aptamer Group Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Non-Executive Chairman & Scientific Advisory Board Member Adam Hargreaves was not their only acquisition of Aptamer Group shares this year. Earlier in the year, they paid UK£0.0031 per share in a UK£61k purchase. We do like to see buying, but this purchase was made at well below the current price of UK£0.011. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Aptamer Group insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around UK£0.0043. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Aptamer Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Aptamer Group insiders own about UK£1.9m worth of shares (which is 6.4% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Aptamer Group Insiders?

We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Aptamer Group stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aptamer Group. For instance, we've identified 5 warning signs for Aptamer Group (3 are a bit unpleasant) you should be aware of.

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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.