Yahoo Finance How Many Games Workshop Group PLC (LON:GAW) Shares Have Insiders Sold, In The Last Year?
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We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Games Workshop Group PLC (LON:GAW).
What Is Insider Buying?
It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, most countries require that the company discloses such transactions to the market.
We don't think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
View our latest analysis for Games Workshop Group
The Last 12 Months Of Insider Transactions At Games Workshop Group
In the last twelve months, the biggest single sale by an insider was when the CEO & Executive Director, Kevin Rountree, sold UK£511k worth of shares at a price of UK£28.95 per share. That means that even when the share price was below the current price of UK£49.86, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 54.8% of Kevin Rountree's holding. The only individual insider seller over the last year was Kevin Rountree. Notably Kevin Rountree was also the biggest buyer, having purchased UK£182k worth of shares.
In the last twelve months insiders purchased 4672 shares for UK£182k. But insiders sold 17659 shares worth UK£511k. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like Games Workshop Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Have Games Workshop Group Insiders Traded Recently?
We saw some Games Workshop Group insider buying shares in the last three months. CEO & Executive Director Kevin Rountree purchased UK£5.1k worth of shares in that period. It's great to see that insiders are only buying, not selling. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Does Games Workshop Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Games Workshop Group insiders own 5.2% of the company, currently worth about UK£84m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Games Workshop Group Insider Transactions Indicate?
We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. We don't take much encouragement from the transactions by Games Workshop Group insiders. But we do like the fact that insiders own a fair chunk of the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body.
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