Insider Spends UK£103k Buying More Shares In Intercede Group

Investors who take an interest in Intercede Group plc (LON:IGP) should definitely note that the Non Executive Director, Jacques Tredoux, recently paid UK£1.71 per share to buy UK£103k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.3%.

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Intercede Group Insider Transactions Over The Last Year

Notably, that recent purchase by Jacques Tredoux is the biggest insider purchase of Intercede Group shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (UK£1.91), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

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

See our latest analysis for Intercede Group

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Insider Ownership Of Intercede Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Intercede Group insiders own 5.8% of the company, worth about UK£6.4m. However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.

So What Do The Intercede Group Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Intercede Group insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in Intercede Group, you should check out this free report on analyst forecasts for the company.

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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.