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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 Althea Group Holdings Limited's (ASX:AGH) case, it's fantastic 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.
Our free stock report includes 4 warning signs investors should be aware of before investing in Althea Group Holdings. Read for free now.
Althea Group Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Joshua Fegan is the biggest insider purchase of Althea Group Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$0.022. 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 do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months insiders purchased 5.00m shares for AU$124k. But insiders sold 113.72k shares worth AU$2.7k. In total, Althea Group Holdings insiders bought more than they sold over the last year. They paid about AU$0.025 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Althea Group Holdings
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 Althea Group Holdings Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Althea Group Holdings. CEO, MD & Director Joshua Fegan bought AU$80k worth of shares in that time. On the other hand, Independent Non-Executive Director Alan Boyd sold AU$2.7k worth of shares. It is nice to see that insiders have bought, but the quantum isn't large enough to get us excited.