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The recent 11% drop in The Conygar Investment Company PLC's (LON:CIC) stock could come as a blow to insiders who purchased UK£89.2k worth of stock at an average buy price of UK£0.46 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth UK£64.4k, which is not what they expected.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Conygar Investment
The Last 12 Months Of Insider Transactions At Conygar Investment
Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairman of the Board Nigel Hamway for UK£51k worth of shares, at about UK£0.42 per share. That means that an insider was happy to buy shares at above the current price of UK£0.33. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Conygar Investment 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. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Conygar Investment Insiders Bought Stock Recently
Over the last quarter, Conygar Investment insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought UK£81k worth of shares. This makes one think the business has some good points.
Does Conygar Investment Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Conygar Investment insiders own 20% of the company, worth about UK£4.0m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.