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Potential Polar Capital Holdings plc (LON:POLR) shareholders may wish to note that the CEO & Executive Director, Gavin Rochussen, recently bought UK£164k worth of stock, paying UK£5.59 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.0%.
View our latest analysis for Polar Capital Holdings
Polar Capital Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Brian Jonathan Ashford-Russell, for UK£1.2m worth of shares, at about UK£8.02 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is UK£5.18. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Brian Jonathan Ashford-Russell.
Happily, we note that in the last year insiders paid UK£2.1m for 328.83k shares. But insiders sold 200.00k shares worth UK£1.7m. In the last twelve months there was more buying than selling by Polar Capital Holdings insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
Insider Ownership of Polar Capital Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Polar Capital Holdings insiders own 12% of the company, worth about UK£58m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Polar Capital Holdings Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Insiders likely see value in Polar Capital Holdings shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Polar Capital Holdings has 1 warning sign and it would be unwise to ignore it.