Yahoo Finance Quite a few insiders invested in Brooks Macdonald Group plc (LON:BRK) last year which is positive news for shareholders
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Brooks Macdonald Group plc's (LON:BRK) instance, it's good news for 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.
View our latest analysis for Brooks Macdonald Group
The Last 12 Months Of Insider Transactions At Brooks Macdonald Group
Over the last year, we can see that the biggest insider purchase was by CFO & Executive Director Benjamin Thorpe for UK£258k worth of shares, at about UK£18.05 per share. That means that an insider was happy to buy shares at around the current price of UK£20.00. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider purchases were made at close to current prices. We note that Benjamin Thorpe was both the biggest buyer and the biggest seller.
In the last twelve months insiders purchased 16.39k shares for UK£298k. But insiders sold 14.29k shares worth UK£258k. Overall, Brooks Macdonald Group insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Brooks Macdonald Group Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Brooks Macdonald Group. They bought UK£298k worth in that time. However, CFO & Executive Director Benjamin Thorpe netted UK£258k for sales. While it's good to see the insider buying, the net amount bought isn't enough for us to gain much confidence from it.
Insider Ownership Of Brooks Macdonald 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. Based on our data, Brooks Macdonald Group insiders have about 0.3% of the stock, worth approximately UK£1.0m. We prefer to see high levels of insider ownership.
So What Do The Brooks Macdonald Group Insider Transactions Indicate?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Brooks Macdonald Group stock. Of course, the future is what matters most. So if you are interested in Brooks Macdonald Group, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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