Jerry Buhlmann Bought 117% More Shares In Inchcape

Potential Inchcape plc (LON:INCH) shareholders may wish to note that the Independent Chairman of the Board, Jerry Buhlmann, recently bought UK£250k worth of stock, paying UK£6.95 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 117%, potentially signalling some real optimism.

View our latest analysis for Inchcape

The Last 12 Months Of Insider Transactions At Inchcape

In fact, the recent purchase by Jerry Buhlmann was the biggest purchase of Inchcape shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of UK£7.21. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Inchcape insiders decided to buy shares at close to current prices.

Inchcape insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Inchcape Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Inchcape insiders own 2.0% of the company, worth about UK£56m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Inchcape Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Inchcape insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Inchcape. For example - Inchcape has 1 warning sign we think you should be aware of.

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 of direct interests only, but not derivative transactions or indirect interests.

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