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Over the last year, a good number of insiders have significantly increased their holdings in Wilmar International Limited (SGX:F34). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
Wilmar International Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder Khoon Hong Kuok for S$3.4m worth of shares, at about S$3.07 per share. That means that even when the share price was higher than S$3.06 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Wilmar International 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!
View our latest analysis for Wilmar International
Wilmar International 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.
Insiders At Wilmar International Have Bought Stock Recently
Over the last quarter, Wilmar International insiders have spent a meaningful amount on shares. Overall, two insiders shelled out S$2.7m for shares in the company -- and none sold. That shows some optimism about the company's future.
Does Wilmar International Boast High Insider Ownership?
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. Wilmar International insiders own 7.3% of the company, currently worth about S$1.4b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.