Yahoo Finance Independent Non-Executive Chairman John Schlederer Just Bought 3.5% More Shares In Academies Australasia Group Limited (ASX:AKG)
Whilst it may not be a huge deal, we thought it was good to see that the Academies Australasia Group Limited (ASX:AKG) Independent Non-Executive Chairman, John Schlederer, recently bought AU$116k worth of stock, for AU$0.30 per share. Although the purchase is not a big one, increasing their shareholding by only 3.5%, it can be interpreted as a good sign.
See our latest analysis for Academies Australasia Group
The Last 12 Months Of Insider Transactions At Academies Australasia Group
In fact, the recent purchase by Independent Non-Executive Chairman John Schlederer was not their only acquisition of Academies Australasia Group shares this year. Earlier in the year, they paid AU$0.25 per share in a AU$127k purchase. That implies that an insider found the current price of AU$0.31 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Academies Australasia Group share holders is that insiders were buying at near the current price.
While Academies Australasia Group insiders bought shares during the last year, they didn't sell. Their average price was about AU$0.31. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Academies Australasia Group 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. Academies Australasia Group insiders own about AU$33m worth of shares (which is 85% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Academies Australasia Group Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Academies Australasia Group. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Academies Australasia Group. At Simply Wall St, we found 3 warning signs for Academies Australasia Group that deserve your attention before buying any shares.
But note: Academies Australasia 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. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
