Deputy Chair & Senior Independent Director Tony DeNunzio Just Bought 40% More Shares In Dixons Carphone plc (LON:DC.)

Potential Dixons Carphone plc (LON:DC.) shareholders may wish to note that the Deputy Chair & Senior Independent Director, Tony DeNunzio, recently bought UK£97k worth of stock, paying UK£1.22 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 40%.

View our latest analysis for Dixons Carphone

The Last 12 Months Of Insider Transactions At Dixons Carphone

Notably, that recent purchase by Tony DeNunzio is the biggest insider purchase of Dixons Carphone shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£1.26. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Dixons Carphone insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Tony DeNunzio.

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!

Dixons Carphone is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Dixons Carphone Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Dixons Carphone insiders own 6.2% of the company, currently worth about UK£90m based on the recent share price. 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 Dixons Carphone Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Dixons Carphone we think they are probably pretty confident of a bright future. While we like knowing 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 2 warning signs for Dixons Carphone you should know about.

Of course Dixons Carphone 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, but not derivative transactions.

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