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 Wincanton plc (LON:WIN), 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.
View our latest analysis for Wincanton
The Last 12 Months Of Insider Transactions At Wincanton
Over the last year, we can see that the biggest insider sale was by the Senior Independent Director, Stewart Oades, for UK£45k worth of shares, at about UK£4.47 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (UK£3.58). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Stewart Oades.
Happily, we note that in the last year insiders paid UK£73k for 18.02k shares. But insiders sold 10.00k shares worth UK£45k. In total, Wincanton insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Wincanton is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at Wincanton Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Wincanton. Insiders shelled out UK£37k for shares in that time. It's great to see that insiders are only buying, not selling. However, in this case the amount invested recently is quite small.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Wincanton insiders own 0.3% of the company, worth about UK£1.2m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Wincanton Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Wincanton insiders are doubting 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. Case in point: We've spotted 2 warning signs for Wincanton you should be aware of, and 1 of these is a bit concerning.