Yahoo Finance Insider Buying: The Tabcorp Holdings Limited (ASX:TAH) Independent Non-Executive Director Just Bought AU$74k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that Raelene Murphy, the Independent Non-Executive Director of Tabcorp Holdings Limited (ASX:TAH) recently shelled out AU$74k to buy stock, at AU$1.06 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
View our latest analysis for Tabcorp Holdings
Tabcorp Holdings Insider Transactions Over The Last Year
The MD, CEO & Executive Director Adam Rytenskild made the biggest insider purchase in the last 12 months. That single transaction was for AU$1.0m worth of shares at a price of AU$1.01 each. That means that an insider was happy to buy shares at around the current price of AU$1.09. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Tabcorp Holdings insiders decided to buy shares at close to current prices.
While Tabcorp Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. 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 Tabcorp Holdings
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 Tabcorp Holdings insiders own 0.4% of the company, worth about AU$9.5m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Tabcorp Holdings 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. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Tabcorp Holdings insiders are reasonably well aligned, and optimistic for the future. 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. For example - Tabcorp Holdings has 1 warning sign we think you should be aware of.
Of course Tabcorp Holdings 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
