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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Intercede Group plc (LON:IGP), it sends a favourable 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.
The Last 12 Months Of Insider Transactions At Intercede Group
Over the last year, we can see that the biggest insider purchase was by CEO & Director Klaas van der Leest for UK£50k worth of shares, at about UK£1.48 per share. That means that even when the share price was higher than UK£1.43 (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. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Intercede Group insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Intercede Group
Intercede Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Intercede Group Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Intercede Group. Overall, two insiders shelled out UK£55k for shares in the company -- and none sold. This makes one think the business has some good points.
Insider Ownership Of Intercede Group
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Intercede Group insiders own about UK£4.8m worth of shares (which is 5.8% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Intercede Group Tell Us?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Intercede Group stock. 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. Case in point: We've spotted 1 warning sign for Intercede Group you should be aware of.