Mahmud Kamani Is The Co-Founder & Group Executive Chairman of boohoo group plc (LON:BOO) And They Just Picked Up 2.5% More Shares
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boohoo group plc (LON:BOO) shareholders (or potential shareholders) will be happy to see that the Co-Founder & Group Executive Chairman, Mahmud Kamani, recently bought a whopping UK£11m worth of stock, at a price of UK£2.14. While that only increased their holding size by 2.5%, it is still a big swing by our standards.
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boohoo group Insider Transactions Over The Last Year
Notably, that recent purchase by Mahmud Kamani is the biggest insider purchase of boohoo 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£2.30. Of course they may have changed their mind. But this suggests they are optimistic. 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 boohoo group share holders is that insiders were buying at near the current price.
boohoo group insiders may have bought shares in the last year, but they didn't sell any. 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!
boohoo group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does boohoo group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that boohoo group insiders own 25% of the company, worth about UK£673m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About boohoo group Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about boohoo group. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for boohoo group and we suggest you have a look.