Investors who take an interest in Luxfer Holdings PLC (NYSE:LXFR) should definitely note that the CEO & Director, Alok Maskara, recently paid US$15.65 per share to buy US$235k worth of the stock. That’s a very decent purchase to our minds and it grew their holding by a solid 10.7%.
Luxfer Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Alok Maskara was the biggest purchase of Luxfer Holdings shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, at around the current price, which is US$16.76. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Luxfer Holdings insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Alok Maskara.
All up, insiders sold more shares in Luxfer Holdings than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Insider Ownership of Luxfer Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data indicates that Luxfer Holdings insiders own about US$6.7m worth of shares (which is 1.5% of the company). Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!
So What Does This Data Suggest About Luxfer Holdings Insiders?
Unfortunately, there has been more insider selling of Luxfer Holdings stock, than buying, in the last three months. And our longer term analysis of insider transactions didn’t bring confidence, either. When you combine this with the relatively low insider ownership, we are very cautious about the stock. As the saying goes, only fools rush in. Of course, the future is what matters most. So if you are interested in Luxfer Holdings, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.