Whole time Director of Sreeleathers Picks Up 44% More Stock

Potential Sreeleathers Limited (NSE:SREEL) shareholders may wish to note that the Whole time Director, Rochita Dey, recently bought ₹40m worth of stock, paying ₹246 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 44%.

See our latest analysis for Sreeleathers

Sreeleathers Insider Transactions Over The Last Year

In fact, the recent purchase by Rochita Dey was the biggest purchase of Sreeleathers shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of ₹256. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Sreeleathers insiders decided to buy shares at close to current prices.

In the last twelve months Sreeleathers insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Sreeleathers 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.

Does Sreeleathers Boast High 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. It appears that Sreeleathers insiders own 37% of the company, worth about ₹2.2b. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Sreeleathers Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Sreeleathers insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sreeleathers. Case in point: We've spotted 1 warning sign for Sreeleathers you should be aware of.

Of course Sreeleathers may not be the best stock to buy. So you may wish to see this free collection of high quality 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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