Insider Spends €145k Buying More Shares In Origin Enterprises

Potential Origin Enterprises plc (ISE:OIZ) shareholders may wish to note that the Group CEO & Executive Director, Sean Coyle, recently bought €145k worth of stock, paying €2.90 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 25%.

View our latest analysis for Origin Enterprises

Origin Enterprises Insider Transactions Over The Last Year

Notably, that recent purchase by Sean Coyle is the biggest insider purchase of Origin Enterprises shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being €2.81). 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. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months insiders purchased 183.68k shares for €586k. On the other hand they divested 4.28k shares, for €14k. In total, Origin Enterprises insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Origin Enterprises is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Origin Enterprises Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. 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, Origin Enterprises insiders have about 0.3% of the stock, worth approximately €923k. But they may have an indirect interest through a corporate structure that we haven't picked up on. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Origin Enterprises Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Origin Enterprises insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Origin Enterprises (including 1 which makes us a bit uncomfortable).

But note: Origin Enterprises 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.