Insider Buying: The Strix Group Plc (LON:KETL) CEO & Executive Director Just Bought 5.6% More Shares

By
Simply Wall St
Published
April 09, 2022
AIM:KETL
Source: Shutterstock

Potential Strix Group Plc (LON:KETL) shareholders may wish to note that the CEO & Executive Director, Mark Victor Bartlett, recently bought UK£267k worth of stock, paying UK£1.99 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 5.6%.

See our latest analysis for Strix Group

The Last 12 Months Of Insider Transactions At Strix Group

In fact, the recent purchase by CEO & Executive Director Mark Victor Bartlett was not their only trade of Strix Group shares this year. They previously made a sale of -UK£3.6m worth of shares at a price of UK£3.25 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is UK£2.10. So it is hard to draw any strong conclusion from it.

Happily, we note that in the last year insiders paid UK£445k for 219.45k shares. But they sold 1.81m shares for UK£5.9m. All up, insiders sold more shares in Strix Group than they bought, over the last year. 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!

insider-trading-volume
AIM:KETL Insider Trading Volume April 9th 2022

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

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Strix Group insiders own about UK£9.4m worth of shares. That equates to 2.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Strix Group Insider Transactions Indicate?

The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 5 warning signs for Strix Group (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing.

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, but not derivative transactions.

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