James Miller Bought 70% More Shares In Channel Infrastructure NZ

Whilst it may not be a huge deal, we thought it was good to see that the Channel Infrastructure NZ Limited (NZSE:CHI) Independent Chair, James Miller, recently bought NZ$130k worth of stock, for NZ$1.57 per share. Even though that isn't a massive buy, it did increase their holding by 70%, which is arguably a good sign.

Check out our latest analysis for Channel Infrastructure NZ

The Last 12 Months Of Insider Transactions At Channel Infrastructure NZ

The General Manager of Operations, Jack Stewart, made the biggest insider sale in the last 12 months. That single transaction was for NZ$143k worth of shares at a price of NZ$1.45 each. That means that even when the share price was below the current price of NZ$1.54, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 36% of Jack Stewart's stake. Jack Stewart was the only individual insider to sell shares in the last twelve months.

Over the last year, we can see that insiders have bought 177.43k shares worth NZ$267k. On the other hand they divested 99.17k shares, for NZ$143k. In the last twelve months there was more buying than selling by Channel Infrastructure NZ insiders. 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Channel Infrastructure NZ insiders own about NZ$17m worth of shares (which is 2.9% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Channel Infrastructure NZ Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Channel Infrastructure NZ shares, given these transactions (along with notable insider ownership of the company). 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. For example - Channel Infrastructure NZ has 2 warning signs we think you should be aware of.

Of course Channel Infrastructure NZ 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.