Whilst it may not be a huge deal, we thought it was good to see that the Assura Plc (LON:AGR) CFO, Member of Executive Board & Executive Director, Jayne Marie Cottam, recently bought UK£47k worth of stock, for UK£0.75 per share. That purchase might not be huge but it did increase their holding by 24%.
Assura Insider Transactions Over The Last Year
Notably, that recent purchase by CFO, Member of Executive Board & Executive Director Jayne Marie Cottam was not the only time they bought Assura shares this year. They previously made an even bigger purchase of UK£62k worth of shares at a price of UK£0.80 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.75). 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. To us, it's very important to consider the price insiders pay for shares. 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.
While Assura insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own UK£2.3m worth of Assura stock, about 0.1% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Assura Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Assura stock. 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. To help with this, we've discovered 3 warning signs (1 is a bit concerning!) that you ought to be aware of before buying any shares in Assura.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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