Insider Spends UK£188k Buying More Shares In Watches of Switzerland Group

Investors who take an interest in Watches of Switzerland Group plc (LON:WOSG) should definitely note that the Independent Non-Executive Chairman, Ian Carter, recently paid UK£3.77 per share to buy UK£188k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 72%, potentially signalling some real optimism.

View our latest analysis for Watches of Switzerland Group

The Last 12 Months Of Insider Transactions At Watches of Switzerland Group

Notably, that recent purchase by Ian Carter is the biggest insider purchase of Watches of Switzerland Group 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£3.94. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Watches of Switzerland Group share holders is that insiders were buying at near the current price.

In the last twelve months Watches of Switzerland Group insiders were buying shares, but not selling. 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!

Watches of Switzerland Group 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.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Watches of Switzerland Group insiders own about UK£31m worth of shares. That equates to 3.3% 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 Do The Watches of Switzerland Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Watches of Switzerland Group we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Watches of Switzerland Group. For example - Watches of Switzerland Group 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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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.