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Quite a few insiders have dramatically grown their holdings in Hill & Smith PLC (LON:HILS) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.
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.
See our latest analysis for Hill & Smith
The Last 12 Months Of Insider Transactions At Hill & Smith
The Executive Chairman Alan Clifford Giddins made the biggest insider purchase in the last 12 months. That single transaction was for UK£633k worth of shares at a price of UK£14.49 each. We do like to see buying, but this purchase was made at well below the current price of UK£17.34. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While Hill & Smith insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Hill & Smith is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders At Hill & Smith Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at Hill & Smith. We can see that Executive Chairman Alan Clifford Giddins paid UK£150k for shares in the company. No-one sold. This makes one think the business has some good points.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Hill & Smith insiders have about 0.1% of the stock, worth approximately UK£1.9m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Hill & Smith Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Hill & Smith insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Hill & Smith.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.