Origin Enterprises Non-Executive Independent Chairman Acquires 67% More Stock

Even if it's not a huge purchase, we think it was good to see that Gary Britton, the Non-Executive Independent Chairman of Origin Enterprises plc (ISE:OIZ) recently shelled out €58k to buy stock, at €2.91 per share. Even though that isn't a massive buy, it did increase their holding by 67%, which is arguably a good sign.

View our latest analysis for Origin Enterprises

Origin Enterprises Insider Transactions Over The Last Year

The Group CEO & Executive Director Sean Coyle made the biggest insider purchase in the last 12 months. That single transaction was for €145k worth of shares at a price of €2.90 each. That means that an insider was happy to buy shares at above the current price of €2.79. 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.

Origin Enterprises insiders may have bought shares in the last year, but they didn't sell any. 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!

Origin Enterprises 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 Of Origin Enterprises

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. 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 0.4% of the stock, worth approximately €1.2m. However, it's possible that insiders might have an indirect interest through a more complex structure. We consider this fairly low insider ownership.

So What Do The Origin Enterprises Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Origin Enterprises insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Origin Enterprises. Case in point: We've spotted 1 warning sign for Origin Enterprises you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.