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The Independent Non-Executive Director of Paragon Care Limited (ASX:PGC), Brent Stewart, Just Bought 8.8% More Shares

Even if it's not a huge purchase, we think it was good to see that Brent Stewart, the Independent Non-Executive Director of Paragon Care Limited (ASX:PGC) recently shelled out AU$51k to buy stock, at AU$0.19 per share. However, it only increased their shares held by 8.8%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Paragon Care

Paragon Care Insider Transactions Over The Last Year

In fact, the recent purchase by Brent Stewart was the biggest purchase of Paragon Care shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.21 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Paragon Care insiders decided to buy shares at close to current prices.

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Paragon Care 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 companies and 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!

insider-trading-volume
insider-trading-volume

Paragon Care is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Paragon Care

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Paragon Care insiders own 6.2% of the company, worth about AU$4.4m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Paragon Care Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Paragon Care stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we've found that Paragon Care has 4 warning signs (2 are concerning!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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@simplywallst.com.