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Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Oxford Instruments plc (LON:OXIG), that sends out a positive message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Oxford Instruments
The Last 12 Months Of Insider Transactions At Oxford Instruments
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman of the Board Neil Andrew Carson bought UK£323k worth of shares at a price of UK£20.21 per share. That means that an insider was happy to buy shares at around the current price of UK£21.25. 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. Happily, the Oxford Instruments insiders decided to buy shares at close to current prices.
Oxford Instruments 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
Oxford Instruments 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 Oxford Instruments Have Bought Stock Recently
It's good to see that Oxford Instruments insiders have made notable investments in the company's shares. Specifically, CFO, Group Finance Director & Executive Director Gavin Hill bought UK£64k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Does Oxford Instruments Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Oxford Instruments insiders own 4.0% of the company, worth about UK£49m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.