Top Glove Corporation Bhd Insiders Added RM6.82m Of Stock To Their Holdings

Multiple insiders secured a larger position in Top Glove Corporation Bhd. (KLSE:TOPGLOV) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Top Glove Corporation Bhd

The Last 12 Months Of Insider Transactions At Top Glove Corporation Bhd

In the last twelve months, the biggest single purchase by an insider was when Executive Director Hooi Sin Lim bought RM3.7m worth of shares at a price of RM0.90 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of RM1.05. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Top Glove Corporation Bhd 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!

Top Glove Corporation Bhd is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Top Glove Corporation Bhd

For a common shareholder, it is worth checking how many shares are held by company 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. It's great to see that Top Glove Corporation Bhd insiders own 30% of the company, worth about RM2.5b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Top Glove Corporation Bhd Insiders?

It doesn't really mean much that no insider has traded Top Glove Corporation Bhd shares in the last quarter. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like Top Glove Corporation Bhd insiders think the business has merit. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Top Glove Corporation Bhd and we suggest you have a look.

Of course Top Glove Corporation Bhd 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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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.