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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Hurco Companies, Inc.'s (NASDAQ:HURC) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Hurco Companies
The Last 12 Months Of Insider Transactions At Hurco Companies
The Executive Chairman Michael Doar made the biggest insider purchase in the last 12 months. That single transaction was for US$199k worth of shares at a price of US$21.59 each. That means that even when the share price was higher than US$17.15 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$343k for 16.81k shares. On the other hand they divested 2.43k shares, for US$52k. Overall, Hurco Companies insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Hurco Companies 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 Hurco Companies Have Bought Stock Recently
There was some insider buying at Hurco Companies over the last quarter. Insiders shelled out US$45k for shares in that time. We like it when there are only buyers, and no sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
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. 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 7.7% of Hurco Companies shares, worth about US$8.5m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!