Yahoo Finance The Executive Director of Excelsior Capital Limited (ASX:ECL), Leanne Catelan, Just Bought 0.4% More Shares
Even if it's not a huge purchase, we think it was good to see that Leanne Catelan, the Executive Director of Excelsior Capital Limited (ASX:ECL) recently shelled out AU$58k to buy stock, at AU$1.16 per share. However, we do note that it only increased their holding by 0.4%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Excelsior Capital
Excelsior Capital Insider Transactions Over The Last Year
insider P. Murray made the biggest insider purchase in the last 12 months. That single transaction was for AU$209k worth of shares at a price of AU$1.35 each. That means that even when the share price was higher than AU$1.19 (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.
In the last twelve months Excelsior Capital insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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.
Insider Ownership of Excelsior Capital
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Excelsior Capital insiders own 55% of the company, currently worth about AU$19m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Excelsior Capital Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Excelsior Capital. One for the watchlist, at least! Along with insider transactions, I recommend checking if Excelsior Capital is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course Excelsior Capital may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
