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Insiders were net buyers of Intercede Group plc's (LON:IGP ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Intercede Group
The Last 12 Months Of Insider Transactions At Intercede Group
Over the last year, we can see that the biggest insider purchase was by CEO & Director Klaas van der Leest for UK£50k worth of shares, at about UK£0.51 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.40). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Klaas van der Leest was the only individual insider to buy shares in the last twelve months.
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!
Intercede Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Intercede 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. Insiders own 11% of Intercede Group shares, worth about UK£2.5m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Intercede Group Insiders?
It doesn't really mean much that no insider has traded Intercede Group shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Intercede Group insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Intercede Group has 2 warning signs we think you should be aware of.