Centurion Insiders Added S$5.57m Of Stock To Their Holdings

Multiple insiders secured a larger position in Centurion Corporation Limited (SGX:OU8) 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

Centurion Insider Transactions Over The Last Year

The Executive Joint Chairman of the Board Kim Kang Loh made the biggest insider purchase in the last 12 months. That single transaction was for S$4.7m worth of shares at a price of S$0.94 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of S$1.63. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Centurion insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Centurion

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

Does Centurion Boast High Insider Ownership?

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. Centurion insiders own 23% of the company, currently worth about S$315m 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.

So What Does This Data Suggest About Centurion Insiders?

The fact that there have been no Centurion insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Centurion insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centurion. Our analysis shows 4 warning signs for Centurion (1 doesn't sit too well with us!) and we strongly recommend you look at these before investing.

Of course Centurion 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.