Over the last year, a good number of insiders have significantly increased their holdings in Hancock & Gore Ltd (ASX:HNG). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Hancock & Gore
Hancock & Gore Insider Transactions Over The Last Year
The Non-Executive Chairman of the Board Alexander Beard made the biggest insider purchase in the last 12 months. That single transaction was for AU$1.7m worth of shares at a price of AU$0.33 each. That means that an insider was happy to buy shares at above the current price of AU$0.30. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 6.62m shares worth AU$2.2m. But insiders sold 60.00k shares worth AU$27k. In the last twelve months there was more buying than selling by Hancock & Gore insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insiders At Hancock & Gore Have Bought Stock Recently
There was some insider buying at Hancock & Gore over the last quarter. Non-Executive Chairman of the Board Alexander Beard purchased AU$44k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Does Hancock & Gore 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Hancock & Gore insiders own 44% of the company, currently worth about AU$30m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.