Insider Buying: The Cache Logistics Trust (SGX:K2LU) Chairman of the Board at ARA Trust Management (Cache) Limited Just Bought S$143k Worth Of Shares

Investors who take an interest in Cache Logistics Trust (SGX:K2LU) should definitely note that the Chairman of the Board at ARA Trust Management (Cache) Limited, How Teck Lim, recently paid S$0.72 per share to buy S$143k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 13%.

Check out our latest analysis for Cache Logistics Trust

The Last 12 Months Of Insider Transactions At Cache Logistics Trust

Notably, that recent purchase by Chairman of the Board at ARA Trust Management (Cache) Limited How Teck Lim was not the only time they bought Cache Logistics Trust shares this year. Earlier in the year, they paid S$0.72 per share in a S$144k purchase. That means that an insider was happy to buy shares at above the current price of S$0.70. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 How Teck Lim.

How Teck Lim bought 600.00k shares over the last 12 months at an average price of S$0.72. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

SGX:K2LU Recent Insider Trading, February 1st 2020
SGX:K2LU Recent Insider Trading, February 1st 2020

Cache Logistics Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Cache Logistics Trust Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Cache Logistics Trust insiders own 0.9% of the company, worth about S$6.7m. We consider this fairly low insider ownership.

So What Does This Data Suggest About Cache Logistics Trust Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Cache Logistics Trust insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Cache Logistics Trust, you should check out this free report on analyst forecasts for the company.