Yahoo Finance Insider Buying: The GPT Group (ASX:GPT) Independent Non-Executive Director Just Bought AU$61k Worth Of Shares
Whilst it may not be a huge deal, we thought it was good to see that the GPT Group (ASX:GPT) Independent Non-Executive Director, Robert Whitfield, recently bought AU$61k worth of stock, for AU$4.05 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 GPT Group
GPT Group Insider Transactions Over The Last Year
The Independent Chairman of the Board Vickki McFadden made the biggest insider purchase in the last 12 months. That single transaction was for AU$143k worth of shares at a price of AU$5.72 each. That means that even when the share price was higher than AU$4.31 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. 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 GPT Group insiders were buying shares, but not selling. They paid about AU$4.71 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of GPT Group
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. Insiders own 0.1% of GPT Group shares, worth about AU$8.5m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About GPT Group Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that GPT Group insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing GPT Group. At Simply Wall St, we found 1 warning sign for GPT Group that deserve your attention before buying any shares.
But note: GPT 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.
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