Insider Spends €127k Buying More Shares In Glenveagh Properties

Investors who take an interest in Glenveagh Properties PLC (ISE:GVR) should definitely note that the Co-Founder, Stephen Garvey, recently paid €1.27 per share to buy €127k worth of the stock. Although the purchase only increased their holding by 1.0%, it is still a solid purchase in our view.

Check out our latest analysis for Glenveagh Properties

The Last 12 Months Of Insider Transactions At Glenveagh Properties

Notably, that recent purchase by Co-Founder Stephen Garvey was not the only time they bought Glenveagh Properties shares this year. They previously made an even bigger purchase of €277k worth of shares at a price of €0.95 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of €1.28. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While Glenveagh Properties insiders bought shares during the last year, they didn't sell. 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 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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Glenveagh Properties insiders own about €20m worth of shares. That equates to 2.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Glenveagh Properties Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Glenveagh Properties we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Glenveagh Properties.

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.