Have Insiders Sold Page Industries Shares Recently?

We wouldn't blame Page Industries Limited (NSE:PAGEIND) shareholders if they were a little worried about the fact that Ramesh Genomal, the Non-Executive Director recently netted about ₹138m selling shares at an average price of ₹44,765. However, that sale only accounted for 0.2% of their holding, so arguably it doesn't say much about their conviction.

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Page Industries Insider Transactions Over The Last Year

Notably, that recent sale by Non-Executive Director Ramesh Genomal was not the only time they sold Page Industries shares this year. They previously made an even bigger sale of -₹650m worth of shares at a price of ₹42,915 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of ₹44,765. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 0.9% of Ramesh Genomal's holding.

In the last year Page Industries insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Page Industries 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. Page Industries insiders own 44% of the company, currently worth about ₹220b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Page Industries Tell Us?

Insiders sold Page Industries shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Page Industries is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of 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. Every company has risks, and we've spotted 2 warning signs for Page Industries you should know about.

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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.