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Ross Ian Jerrard Is The CFO & Executive Director of Centamin plc (LON:CEY) And They Just Picked Up 13% More Shares

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Whilst it may not be a huge deal, we thought it was good to see that the Centamin plc (LON:CEY) CFO & Executive Director, Ross Ian Jerrard, recently bought UK£55k worth of stock, for UK£0.82 per share. That purchase might not be huge but it did increase their holding by 13%.

View our latest analysis for Centamin

Centamin Insider Transactions Over The Last Year

Notably, that recent purchase by Ross Ian Jerrard is the biggest insider purchase of Centamin shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of UK£0.84. 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. The good news for Centamin share holders is that insiders were buying at near the current price.

Centamin 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!

insider-trading-volume
insider-trading-volume

Centamin is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Centamin Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Centamin insiders own 0.3% of the company, worth about UK£3.3m. I generally like to see higher levels of ownership.

So What Does This Data Suggest About Centamin Insiders?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Centamin insiders are expecting a bright 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 2 warning signs for Centamin (of which 1 is concerning!) you should know about.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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