Have Insiders Sold PSG Financial Services Shares Recently?

Some PSG Financial Services Limited (JSE:KST) shareholders may be a little concerned to see that the Non-Executive Chairman, Jan Theron, recently sold a substantial R15m worth of stock at a price of R14.77 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.5%.

View our latest analysis for PSG Financial Services

The Last 12 Months Of Insider Transactions At PSG Financial Services

In fact, the recent sale by Jan Theron was the biggest sale of PSG Financial Services shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of R15.12. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Jan Theron divested 1.62m shares over the last 12 months at an average price of R13.94. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does PSG Financial Services Boast High 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. We usually like to see fairly high levels of insider ownership. PSG Financial Services insiders own about R4.0b worth of shares (which is 21% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At PSG Financial Services Tell Us?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But it is good to see that PSG Financial Services is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing PSG Financial Services. While conducting our analysis, we found that PSG Financial Services has 1 warning sign and it would be unwise to ignore it.

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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.