Yahoo Finance How Many Hazer Group Limited (ASX:HZR) Shares Have Insiders Sold, In The Last Year?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card!
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at whether insiders have been buying or selling shares in Hazer Group Limited (ASX:HZR).
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'
See our latest analysis for Hazer Group
The Last 12 Months Of Insider Transactions At Hazer Group
In the last twelve months, the biggest single sale by an insider was when the , Geoffrey Pocock, sold AU$319k worth of shares at a price of AU$0.68 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of AU$0.26. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Geoffrey Pocock.
Geoffrey Pocock divested 1.5m shares over the last 12 months at an average price of AU$0.41. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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
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. Insiders own 21% of Hazer Group shares, worth about AU$5.4m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Hazer Group Insiders?
The fact that there have been no Hazer Group insider transactions recently certainly doesn't bother us. We don't take much encouragement from the transactions by Hazer Group insiders. But we do like the fact that insiders own a fair chunk of the company. Along with insider transactions, I recommend checking if Hazer Group is growing revenue. This free chart of historic revenue and earnings should make that easy.
But note: Hazer 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 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.
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. Thank you for reading.
