Co-Founder of Glenveagh Properties Picks Up 2.0% More Stock

Potential Glenveagh Properties PLC (ISE:GVR) shareholders may wish to note that the Co-Founder, Stephen Garvey, recently bought €309k worth of stock, paying €1.57 for each share. Although the purchase only increased their holding by 2.0%, it is still a solid purchase in our view.

The Last 12 Months Of Insider Transactions At Glenveagh Properties

Notably, that recent purchase by Stephen Garvey is the biggest insider purchase of Glenveagh Properties shares that we've seen in the last year. That means that even when the share price was higher than €1.51 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. 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.

In the last twelve months insiders purchased 472.50k shares for €696k. But insiders sold 25.68k shares worth €41k. In the last twelve months there was more buying than selling by Glenveagh Properties insiders. 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!

See our latest analysis for Glenveagh Properties

Glenveagh Properties is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.6% of Glenveagh Properties shares, worth about €21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Glenveagh Properties Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Glenveagh Properties we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Glenveagh Properties. At Simply Wall St, we found 1 warning sign for Glenveagh Properties that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.