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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of William Penn Bancorporation (NASDAQ:WMPN), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for William Penn Bancorporation
The Last 12 Months Of Insider Transactions At William Penn Bancorporation
In the last twelve months, the biggest single purchase by an insider was when President Kenneth Stephon bought US$59k worth of shares at a price of US$11.83 per share. That implies that an insider found the current price of US$12.48 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the William Penn Bancorporation insiders decided to buy shares at close to current prices.
William Penn Bancorporation insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
William Penn Bancorporation Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at William Penn Bancorporation. Insiders purchased US$24k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Insider Ownership Of William Penn Bancorporation
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. It appears that William Penn Bancorporation insiders own 8.9% of the company, worth about US$11m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.