Christopher Michael Stone Bought 13% More Shares In NCC Group

Even if it's not a huge purchase, we think it was good to see that Christopher Michael Stone, the Non-Executive Chairman of NCC Group plc (LON:NCC) recently shelled out UK£60k to buy stock, at UK£1.38 per share. That purchase might not be huge but it did increase their holding by 13%.

Check out our latest analysis for NCC Group

The Last 12 Months Of Insider Transactions At NCC Group

Notably, that recent purchase by Christopher Michael Stone is the biggest insider purchase of NCC Group shares that we've seen in the last year. That implies that an insider found the current price of UK£1.42 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 NCC Group insiders decided to buy shares at close to current prices.

In the last twelve months NCC 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.3% of NCC Group shares, worth about UK£5.8m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At NCC Group Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that NCC Group insiders are reasonably well aligned, and optimistic for the future. While it's good to be aware of 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. While conducting our analysis, we found that NCC Group has 1 warning sign and it would be unwise to ignore it.

But note: NCC Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.