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Potential Clarkson PLC (LON:CKN) shareholders may wish to note that the Independent Chairman of the Board, Laurence David Hollingworth, recently bought UK£178k worth of stock, paying UK£29.65 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 67%, potentially signalling some real optimism.
We've discovered 3 warning signs about Clarkson. View them for free.
Clarkson Insider Transactions Over The Last Year
Notably, that recent purchase by Laurence David Hollingworth is the biggest insider purchase of Clarkson shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of UK£31.90. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Clarkson share holders is that insiders were buying at near the current price.
While Clarkson insiders bought shares during the last year, they didn't sell. 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!
Check out our latest analysis for Clarkson
Clarkson is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Clarkson
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. Insiders own 2.5% of Clarkson shares, worth about UK£25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Clarkson Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Clarkson we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Clarkson (1 can't be ignored) you should be aware of.