Yahoo Finance A Pioneer Credit Limited (ASX:PNC) insider increased their holdings by 5.2% last year
Viewing insider transactions for Pioneer Credit Limited's (ASX:PNC ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Pioneer Credit
The Last 12 Months Of Insider Transactions At Pioneer Credit
In the last twelve months, the biggest single purchase by an insider was when Founder Keith John bought AU$137k worth of shares at a price of AU$0.49 per share. We do like to see buying, but this purchase was made at well below the current price of AU$0.56. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Keith John purchased 600.00k shares over the year. The average price per share was AU$0.49. 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.
Does Pioneer Credit Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Pioneer Credit insiders own 17% of the company, worth about AU$7.5m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Pioneer Credit Tell Us?
It doesn't really mean much that no insider has traded Pioneer Credit shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Pioneer Credit and we see no evidence to suggest they are worried about the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 3 warning signs for Pioneer Credit (1 is significant!) that we believe deserve your full attention.
Of course Pioneer Credit 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.
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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.
