Yahoo Finance Independent Non-Executive Director Emma Stein Just Bought 46% More Shares In Worley Limited (ASX:WOR)
Whilst it may not be a huge deal, we thought it was good to see that the Worley Limited (ASX:WOR) Independent Non-Executive Director, Emma Stein, recently bought AU$75k worth of stock, for AU$11.31 per share. That purchase might not be huge but it did increase their holding by 46%.
Check out our latest analysis for Worley
Worley Insider Transactions Over The Last Year
The Non-Executive Independent Director Roger Higgins made the biggest insider purchase in the last 12 months. That single transaction was for AU$199k worth of shares at a price of AU$9.95 each. That means that an insider was happy to buy shares at around the current price of AU$10.54. 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 Worley share holders is that insiders were buying at near the current price.
Worley insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Worley 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.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Worley insiders own 3.8% of the company, worth about AU$217m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Worley Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Worley. 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. While conducting our analysis, we found that Worley has 4 warning signs and it would be unwise to ignore them.
Of course Worley 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.
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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