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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in C&C Group plc's (LON:CCR) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for C&C Group
The Last 12 Months Of Insider Transactions At C&C Group
Over the last year, we can see that the biggest insider purchase was by Executive Chair Ralph Findlay for UK£99k worth of shares, at about UK£1.50 per share. That means that an insider was happy to buy shares at around the current price of UK£1.50. 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 C&C Group insiders decided to buy shares at close to current prices.
In the last twelve months C&C Group insiders were buying shares, but not selling. 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!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insiders At C&C Group Have Bought Stock Recently
It's good to see that C&C Group insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought UK£139k worth of shares. That shows some optimism about the company's future.
Does C&C Group Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, C&C Group insiders have about 0.2% of the stock, worth approximately UK£1.0m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At C&C Group Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that C&C Group insiders are expecting a bright future. 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 - C&C Group has 1 warning sign we think you should be aware of.