Investors who take an interest in Trifast plc (LON:TRI) should definitely note that the Non-Executive Director, Nicholas Harwood Mills, recently paid UK£0.79 per share to buy UK£161k worth of the stock. Although the purchase only increased their holding by 1.0%, it is still a solid purchase in our view.

Check out our latest analysis for Trifast

The Last 12 Months Of Insider Transactions At Trifast

In fact, the recent purchase by Nicholas Harwood Mills was the biggest purchase of Trifast 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 above the current price of UK£0.79. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

While Trifast 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Trifast 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

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. Our data indicates that Trifast insiders own about UK£6.2m worth of shares (which is 5.9% of the company). We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Trifast Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Trifast insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Trifast you should know about.