Conygar Investment Insiders Recover Some Losses, Which Stand At UK£25k

Insiders who bought UK£221.9k worth of The Conygar Investment Company PLC (LON:CIC) stock in the last year have seen some of their losses recouped as the stock gained 19% last week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at UK£25k since the time of purchase.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Conygar Investment Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Director Robert Thomas Ware bought UK£141k worth of shares at a price of UK£0.32 per share. That means that an insider was happy to buy shares at above the current price of UK£0.32. 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. We note that Robert Thomas Ware was both the biggest buyer and the biggest seller.

Happily, we note that in the last year insiders paid UK£222k for 624.00k shares. On the other hand they divested 380.00k shares, for UK£122k. In the last twelve months there was more buying than selling by Conygar Investment insiders. Their average price was about UK£0.36. I'd consider this a positive as it suggests insiders see value at around the current price. 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!

View our latest analysis for Conygar Investment

Conygar Investment is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Conygar Investment Boast High 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. We usually like to see fairly high levels of insider ownership. Conygar Investment insiders own about UK£3.9m worth of shares. That equates to 21% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Conygar Investment Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Conygar Investment and their transactions don't cause us concern. 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 instance, we've identified 3 warning signs for Conygar Investment (1 is a bit unpleasant) you should be aware of.

Of course Conygar Investment 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 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.