Yahoo Finance Aaron G. Hockly Is The Fund Manager of Vital Healthcare Property Trust (NZSE:VHP) And Just Spent NZ$206k On Shares
Investors who take an interest in Vital Healthcare Property Trust (NZSE:VHP) should definitely note that the Fund Manager, Aaron G. Hockly, recently paid NZ$3.03 per share to buy NZ$206k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Vital Healthcare Property Trust
Vital Healthcare Property Trust Insider Transactions Over The Last Year
Notably, that recent purchase by Aaron G. Hockly is the biggest insider purchase of Vital Healthcare Property Trust shares that we've seen in the last year. That means that even when the share price was higher than NZ$2.99 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. 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 Vital Healthcare Property Trust insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Vital Healthcare Property Trust 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 Vital Healthcare Property Trust Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Based on our data, Vital Healthcare Property Trust insiders have about 0.1% of the stock, worth approximately NZ$1.9m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Vital Healthcare Property Trust Insiders?
The recent insider purchases are heartening. 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 Vital Healthcare Property Trust insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To help with this, we've discovered 4 warning signs (2 are a bit concerning!) that you ought to be aware of before buying any shares in Vital Healthcare Property Trust.
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.
This article by Simply Wall St is general in nature. 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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