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Those following along with Washington H. Soul Pattinson and Company Limited (ASX:SOL) will no doubt be intrigued by the recent purchase of shares by Robert Millner, Chairman of the Board of the company, who spent a stonking AU$3.4m on stock at an average price of AU$34.48. While that only increased their holding size by 0.6%, it is still a big swing by our standards.
The Last 12 Months Of Insider Transactions At Washington H. Soul Pattinson
In fact, the recent purchase by Chairman of the Board Robert Millner was not their only acquisition of Washington H. Soul Pattinson shares this year. Earlier in the year, they paid AU$34.77 per share in a AU$6.9m purchase. So it's clear an insider wanted to buy, at around the current price, which is AU$36.10. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Washington H. Soul Pattinson insiders decided to buy shares at close to current prices.
While Washington H. Soul Pattinson insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Washington H. Soul Pattinson
Washington H. Soul Pattinson is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Washington H. Soul Pattinson
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Washington H. Soul Pattinson insiders own 5.3% of the company, worth about AU$705m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Washington H. Soul Pattinson Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Washington H. Soul Pattinson. One for the watchlist, at least! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Washington H. Soul Pattinson has 1 warning sign we think you should be aware of.