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Vistry Group PLC (LON:VTY) shareholders (or potential shareholders) will be happy to see that the Chief Executive Officer, Gerald Fitzgerald, recently bought a whopping UK£496k worth of stock, at a price of UK£9.26. While that only increased their holding size by 9.7%, it is still a big swing by our standards.
View our latest analysis for Vistry Group
Vistry Group Insider Transactions Over The Last Year
In fact, the recent purchase by Gerald Fitzgerald was the biggest purchase of Vistry Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£9.28 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
Vistry Group insiders may have bought shares in the last year, but they didn't sell any. Their average price was about UK£6.98. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Vistry Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Vistry Group Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.4% of Vistry Group shares, worth about UK£7.9m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Vistry Group Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Vistry Group insiders are reasonably well aligned, and optimistic for the future. 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. For example - Vistry Group has 2 warning signs we think you should be aware of.