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Investors who take an interest in S H Kelkar and Company Limited (NSE:SHK) should definitely note that the Non-Executive Chairman, Ramesh Vaze, recently paid ₹136 per share to buy ₹29m worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 0.8%.
See our latest analysis for S H Kelkar
S H Kelkar Insider Transactions Over The Last Year
In fact, the recent purchase by Non-Executive Chairman Ramesh Vaze was not their only acquisition of S H Kelkar shares this year. They previously made an even bigger purchase of ₹29m worth of shares at a price of ₹137 per share. That means that even when the share price was higher than ₹131 (the recent price), an insider wanted to purchase shares. 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. 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 Ramesh Vaze.
Ramesh Vaze bought 364824 shares over the last 12 months at an average price of ₹136. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
S H Kelkar is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of S H Kelkar
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 37% of S H Kelkar shares, worth about ₹7.0b. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The S H Kelkar Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest S H Kelkar insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for S H Kelkar.