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Even if it's not a huge purchase, we think it was good to see that Christopher Rogers, the Non-Executive Chairman of the Board of Wickes Group plc (LON:WIX) recently shelled out UK£63k to buy stock, at UK£1.75 per share. That purchase might not be huge but it did increase their holding by 26%.
The Last 12 Months Of Insider Transactions At Wickes Group
Notably, that recent purchase by Christopher Rogers is the biggest insider purchase of Wickes Group shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£1.82. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Christopher Rogers.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Wickes Group
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Wickes Group Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own UK£1.4m worth of Wickes Group stock, about 0.3% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. I generally like to see higher levels of ownership.
So What Do The Wickes Group Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Wickes Group stock. 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. At Simply Wall St, we found 3 warning signs for Wickes Group that deserve your attention before buying any shares.