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Promotora de Informaciones, S.A. (BME:PRS) shareholders (or potential shareholders) will be happy to see that the External Director, Sheikh Khalid Thani Abdullah Al-Thani, recently bought a whopping €11m worth of stock, at a price of €1.35. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 29%.
View our latest analysis for Promotora de Informaciones
Promotora de Informaciones Insider Transactions Over The Last Year
In fact, the recent purchase by External Director Sheikh Khalid Thani Abdullah Al-Thani was not their only acquisition of Promotora de Informaciones shares this year. Earlier in the year, they paid €1.35 per share in a €11m purchase. That means that an insider was happy to buy shares at above the current price of €1.29. It's very possible they regret the purchase, but it's more likely they are bullish about the company. 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. Notably Sheikh Khalid Thani Abdullah Al-Thani was also the biggest seller.
Happily, we note that in the last year insiders paid €11m for 8351681 shares. On the other hand they divested 20174 shares, for €29k. In total, Promotora de Informaciones insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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 of Promotora de Informaciones
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.4% of Promotora de Informaciones shares, worth about €58m. 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 Promotora de Informaciones Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Promotora de Informaciones we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Promotora de Informaciones.