Yahoo Finance Bullish insiders bet AU$5.0m on 360 Capital Group Limited (ASX:TGP)
Multiple insiders secured a larger position in 360 Capital Group Limited (ASX:TGP) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
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 360 Capital Group
The Last 12 Months Of Insider Transactions At 360 Capital Group
The Group MD & Executive Director Tony Pitt made the biggest insider purchase in the last 12 months. That single transaction was for AU$3.2m worth of shares at a price of AU$0.85 each. So it's clear an insider wanted to buy, at around the current price, which is AU$0.85. Of course they may have changed their mind. But this suggests they are optimistic. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months 360 Capital Group insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
360 Capital Group Insiders Bought Stock Recently
Over the last quarter, 360 Capital Group insiders have spent a meaningful amount on shares. Overall, three insiders shelled out AU$4.9m for shares in the company -- and none sold. This could be interpreted as suggesting a positive outlook.
Insider Ownership of 360 Capital Group
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. Insiders own 31% of 360 Capital Group shares, worth about AU$57m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At 360 Capital Group Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of 360 Capital Group we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that 360 Capital Group has 3 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.
But note: 360 Capital Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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. 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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