Yahoo Finance How Many Insiders Bought AUB Group Limited (ASX:AUB) Shares?
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 shareholders might well want to know whether insiders have been buying or selling shares in AUB Group Limited (ASX:AUB).
What Is Insider Buying?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, rules govern insider transactions, and certain disclosures are required.
Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’
Check out our latest analysis for AUB Group
The Last 12 Months Of Insider Transactions At AUB Group
There wasn’t any very large single transaction over the last year, but we can still observe some trading.
In the last twelve months insiders paid AU$145k for 11.46k shares purchased. Overall, AUB Group insiders were net buyers last year. Their average price was about AU$12.62. I’d consider this a positive as it suggests insiders see value at around the current price, which is AU$12.30. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
AUB Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at AUB Group Have Bought Stock Recently
Over the last three months, we’ve seen significant insider buying at AUB Group. Overall, 4 insiders shelled out AU$92k for shares in the company — and none sold. This makes one think the business has some good points.
Insider Ownership of AUB Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Our data suggests AUB Group insiders own 0.3% of the company, worth about AU$2.5m. We consider this fairly low insider ownership.
So What Do The AUB Group Insider Transactions Indicate?
It’s certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. 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 AUB Group stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for AUB Group.
But note: AUB 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.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
