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Whilst it may not be a huge deal, we thought it was good to see that the EnSilica plc (LON:ENSI) Executive Chairman, Mark Hodgkins, recently bought UK£51k worth of stock, for UK£0.44 per share. That purchase might not be huge but it did increase their holding by 21%.
View our latest analysis for EnSilica
The Last 12 Months Of Insider Transactions At EnSilica
Notably, that recent purchase by Mark Hodgkins is the biggest insider purchase of EnSilica shares that we've seen in the last year. That implies that an insider found the current price of UK£0.46 per share to be enticing. 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. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
EnSilica insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
EnSilica is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of EnSilica
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. EnSilica insiders own 54% of the company, currently worth about UK£24m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The EnSilica Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about EnSilica. One for the watchlist, at least! 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. Case in point: We've spotted 3 warning signs for EnSilica you should be aware of.