Pleasing Signs As A Number Of Insiders Buy Iktinos Hellas Greek Marble Industry Technical and Touristic Stock

It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Iktinos Hellas S.A. Greek Marble Industry Technical and Touristic Company's (ATH:IKTIN) case, it's fantastic news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Iktinos Hellas Greek Marble Industry Technical and Touristic

The Last 12 Months Of Insider Transactions At Iktinos Hellas Greek Marble Industry Technical and Touristic

In the last twelve months, the biggest single purchase by an insider was when Vice Chairman of the Board Anastasia Chaida bought €100k worth of shares at a price of €0.49 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being €0.47). 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. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Iktinos Hellas Greek Marble Industry Technical and Touristic 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Iktinos Hellas Greek Marble Industry Technical and Touristic insiders own 71% of the company, currently worth about €38m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Iktinos Hellas Greek Marble Industry Technical and Touristic Insiders?

It doesn't really mean much that no insider has traded Iktinos Hellas Greek Marble Industry Technical and Touristic shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. It would be great to see more insider buying, but overall it seems like Iktinos Hellas Greek Marble Industry Technical and Touristic insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. While we like knowing 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. When we did our research, we found 3 warning signs for Iktinos Hellas Greek Marble Industry Technical and Touristic (2 are significant!) that we believe deserve your full attention.

But note: Iktinos Hellas Greek Marble Industry Technical and Touristic 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.

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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.