Independent Non-Executive Chairman of TheWorks.co.uk Picks Up 56% More Stock

Even if it's not a huge purchase, we think it was good to see that Stephen Bellamy, the Independent Non-Executive Chairman of TheWorks.co.uk plc (LON:WRKS) recently shelled out UK£49k to buy stock, at UK£0.22 per share. While that isn't the hugest buy, it actually boosted their shareholding by 56%, which is good to see.

View our latest analysis for TheWorks.co.uk

TheWorks.co.uk Insider Transactions Over The Last Year

In fact, the recent purchase by Stephen Bellamy was the biggest purchase of TheWorks.co.uk shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£0.23. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months insiders purchased 425.00k shares for UK£98k. On the other hand they divested 100.00k shares, for UK£23k. Overall, TheWorks.co.uk insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does TheWorks.co.uk 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 17% of TheWorks.co.uk shares, worth about UK£2.5m. 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 TheWorks.co.uk Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in TheWorks.co.uk 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. Every company has risks, and we've spotted 3 warning signs for TheWorks.co.uk (of which 1 is significant!) you should know about.

But note: TheWorks.co.uk 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.