Strix Group CEO & Executive Director Acquires 2.6% More Stock

Even if it's not a huge purchase, we think it was good to see that Mark Victor Bartlett, the CEO & Executive Director of Strix Group Plc (LON:KETL) recently shelled out UK£50k to buy stock, at UK£0.73 per share. However, it only increased their shares held by 2.6%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Strix Group

Strix Group Insider Transactions Over The Last Year

In fact, the recent purchase by Mark Victor Bartlett was the biggest purchase of Strix Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£0.74. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 Strix Group insider decided to buy shares at close to current prices. Mark Victor Bartlett was the only individual insider to buy during the last year.

Mark Victor Bartlett purchased 120.12k shares over the year. The average price per share was UK£0.66. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Strix Group

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Strix Group insiders have about 2.4% of the stock, worth approximately UK£3.8m. We prefer to see high levels of insider ownership.

So What Does This Data Suggest About Strix Group Insiders?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Strix Group insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Strix Group. For example - Strix Group has 1 warning sign we think you should be aware of.

Of course Strix Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.