Yahoo Finance Independent Non-Executive Director Helen Kurincic Just Bought Shares In McMillan Shakespeare Limited (ASX:MMS)
Even if it's not a huge purchase, we think it was good to see that Helen Kurincic, the Independent Non-Executive Director of McMillan Shakespeare Limited (ASX:MMS) recently shelled out AU$108k to buy stock, at AU$11.97 per share. Even though that isn't a massive buy, it did increase their holding by 82%, which is a arguably a good sign.
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The Last 12 Months Of Insider Transactions At McMillan Shakespeare
Notably, that recent purchase by Independent Non-Executive Director Helen Kurincic was not the only time they bought McMillan Shakespeare shares this year. They previously made an even bigger purchase of AU$133k worth of shares at a price of AU$12.11 per share. That means that an insider was happy to buy shares at above the current price of AU$11.09. 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. In our view, the price an insider pays 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.
McMillan Shakespeare insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by 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!
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 McMillan Shakespeare
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. It appears that McMillan Shakespeare insiders own 5.7% of the company, worth about AU$49m. 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 McMillan Shakespeare Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of McMillan Shakespeare we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for McMillan Shakespeare.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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.
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. Thank you for reading.
