This Insider Has Just Sold Shares In Victorian Plumbing Group

We'd be surprised if Victorian Plumbing Group plc (LON:VIC) shareholders haven't noticed that the Independent Chairman, Philip Bowcock, recently sold UK£138k worth of stock at UK£0.76 per share. The eyebrow raising move amounted to a reduction of 17% in their holding.

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The Last 12 Months Of Insider Transactions At Victorian Plumbing Group

In the last twelve months, the biggest single sale by an insider was when the CEO & Director, Mark Radcliffe, sold UK£2.7m worth of shares at a price of UK£1.00 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of UK£0.78. So it may not shed much light on insider confidence at current levels.

In total, Victorian Plumbing Group insiders sold more than they bought over the last year. 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!

See our latest analysis for Victorian Plumbing Group

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Victorian Plumbing Group insiders own about UK£150m worth of shares (which is 59% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Victorian Plumbing Group Insiders?

Unfortunately, there has been more insider selling of Victorian Plumbing 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 a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While it's good to be aware of 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. Every company has risks, and we've spotted 4 warning signs for Victorian Plumbing Group you should know about.

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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.