Lighthouse Properties Non-Independent Non-Executive Director Acquires 1.4% More Stock

Those following along with Lighthouse Properties p.l.c. (JSE:LTE) will no doubt be intrigued by the recent purchase of shares by Desmond de Beer, Non-Independent Non-Executive Director of the company, who spent a stonking R40m on stock at an average price of R8.20. While that only increased their holding size by 1.4%, it is still a big swing by our standards.

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The Last 12 Months Of Insider Transactions At Lighthouse Properties

Notably, that recent purchase by Non-Independent Non-Executive Director Desmond de Beer was not the only time they bought Lighthouse Properties shares this year. Earlier in the year, they paid R7.76 per share in a R78m purchase. So it's clear an insider wanted to buy, at around the current price, which is R8.23. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Lighthouse Properties insiders decided to buy shares at close to current prices.

Lighthouse Properties 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. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Lighthouse Properties

Lighthouse Properties 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 Lighthouse Properties

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Lighthouse Properties insiders own 19% of the company, currently worth about R3.2b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Lighthouse Properties Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Lighthouse Properties. That's what I like to see! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Lighthouse Properties is showing 3 warning signs in our investment analysis, and 1 of those is significant...

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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.