Yahoo Finance The Executive Director of Excelsior Capital Limited (ASX:ECL), Leanne Catelan, Just Bought A Few 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$113k to buy stock, at AU$1.15 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for Excelsior Capital
The Last 12 Months Of Insider Transactions At Excelsior Capital
In fact, the recent purchase by Executive Director Leanne Catelan was not their only acquisition of Excelsior Capital shares this year. They previously made an even bigger purchase of AU$395k worth of shares at a price of AU$1.28 per share. That means that an insider was happy to buy shares at above the current price of AU$1.20. 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 is very important. 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. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Excelsior Capital is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Excelsior Capital insiders own about AU$20m worth of shares (which is 57% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Excelsior Capital Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Excelsior Capital. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Excelsior Capital is showing 3 warning signs in our investment analysis, and 1 of those is significant...
But note: Excelsior Capital 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.
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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. Thank you for reading.
