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Some of the losses seen by insiders who purchased UK£59.9k worth of Tekmar Group plc (LON:TGP) shares over the past year were recovered after the stock increased by 16% over the past week. However, total losses seen by insiders are still UK£6.8k since the time of purchase.
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.
Check out our latest analysis for Tekmar Group
The Last 12 Months Of Insider Transactions At Tekmar Group
In fact, the recent purchase by Richard Turner was the biggest purchase of Tekmar Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of UK£0.067. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Richard Turner.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Tekmar Group
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. We usually like to see fairly high levels of insider ownership. Our data indicates that Tekmar Group insiders own about UK£561k worth of shares (which is 6.2% of the company). We do generally prefer see higher levels of insider ownership.
So What Do The Tekmar Group Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Tekmar Group insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tekmar Group. For example - Tekmar Group has 4 warning signs we think you should be aware of.