It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Wee Hur Holdings Ltd.'s (SGX:E3B) case, it's fantastic news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Wee Hur Holdings
The Last 12 Months Of Insider Transactions At Wee Hur Holdings
Over the last year, we can see that the biggest insider purchase was by Co-Founder & Executive Director Yeo Hwa Goh for S$557k worth of shares, at about S$0.20 per share. So it's clear an insider wanted to buy, at around the current price, which is S$0.20. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Wee Hur Holdings insiders were buying shares, but not selling. 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 always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
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. It appears that Wee Hur Holdings insiders own 22% of the company, worth about S$41m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Wee Hur Holdings Tell Us?
It doesn't really mean much that no insider has traded Wee Hur Holdings shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Wee Hur Holdings and their transactions don't cause us concern. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Wee Hur Holdings that deserve your attention before buying any shares.