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Kelsian Group Limited (ASX:KLS) shareholders (or potential shareholders) will be happy to see that the Non-Executive Director, Neil Smith, recently bought a whopping AU$2.4m worth of stock, at a price of AU$3.86. While that only increased their holding size by 2.4%, it is still a big swing by our standards.
Check out our latest analysis for Kelsian Group
Kelsian Group Insider Transactions Over The Last Year
Notably, that recent purchase by Neil Smith is the biggest insider purchase of Kelsian Group 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 AU$3.99. 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. The good news for Kelsian Group share holders is that insiders were buying at near the current price. We note that Neil Smith was also the biggest seller.
Over the last year, we can see that insiders have bought 782.10k shares worth AU$3.2m. But insiders sold 206.14k shares worth AU$1.2m. In the last twelve months there was more buying than selling by Kelsian Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Kelsian Group 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 Kelsian Group
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. Kelsian Group insiders own 21% of the company, currently worth about AU$221m 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 Does This Data Suggest About Kelsian Group Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Kelsian Group. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kelsian Group. Our analysis shows 2 warning signs for Kelsian Group (1 is potentially serious!) and we strongly recommend you look at them before investing.