Independent Non-Executive Chairman Of Likewise Group Sold 40% Of Their Shares

We'd be surprised if Likewise Group Plc (LON:LIKE) shareholders haven't noticed that the Independent Non-Executive Chairman, Paramjit Bassi, recently sold UK£318k worth of stock at UK£0.16 per share. The eyebrow raising move amounted to a reduction of 40% in their holding.

Check out our latest analysis for Likewise Group

Likewise Group Insider Transactions Over The Last Year

In fact, the recent sale by Paramjit Bassi was the biggest sale of Likewise Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of UK£0.15. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Happily, we note that in the last year insiders paid UK£223k for 1.22m shares. On the other hand they divested 4.34m shares, for UK£739k. Over the last year we saw more insider selling of Likewise Group shares, than buying. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

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. Likewise Group insiders own about UK£10m worth of shares. That equates to 27% 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.

So What Does This Data Suggest About Likewise Group Insiders?

Unfortunately, there has been more insider selling of Likewise Group stock, than buying, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Likewise Group. Case in point: We've spotted 4 warning signs for Likewise Group you should be aware of, and 1 of them is a bit unpleasant.

But note: Likewise Group 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.