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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 Polar Capital Holdings Plc (LON:POLR), that sends out a positive message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Polar Capital Holdings
The Last 12 Months Of Insider Transactions At Polar Capital Holdings
In fact, the recent purchase by Gavin Rochussen was the biggest purchase of Polar Capital Holdings shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of UK£5.50. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
Over the last year, we can see that insiders have bought 31.36k shares worth UK£172k. On the other hand they divested 6.79k shares, for UK£30k. In the last twelve months there was more buying than selling by Polar Capital Holdings insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Polar Capital Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At Polar Capital Holdings Have Bought Stock Recently
It's good to see that Polar Capital Holdings insiders have made notable investments in the company's shares. Overall, two insiders shelled out UK£172k for shares in the company -- and none sold. That shows some optimism about the company's future.
Does Polar Capital Holdings Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Polar Capital Holdings insiders own 6.2% of the company, worth about UK£33m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.