Intercede Group Non-Executive Chairman Acquires 18% More Stock

Investors who take an interest in Intercede Group plc (LON:IGP) should definitely note that the Non-Executive Chairman, Royston Hoggarth, recently paid UK£1.56 per share to buy UK£200k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 18%.

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The Last 12 Months Of Insider Transactions At Intercede Group

Notably, that recent purchase by Royston Hoggarth is the biggest insider purchase of Intercede 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£1.60. 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 Intercede Group insiders decided to buy shares at close to current prices.

While Intercede Group insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. 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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Intercede Group insiders own about UK£6.9m worth of shares (which is 7.3% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Intercede Group Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Intercede Group stock. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Intercede Group.

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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.