Yahoo Finance Trade Alert: The MD, CEO & Executive Director Of Spark Infrastructure Group (ASX:SKI), Richard Francis, Has Just Spent AU$437k Buying 29% More Shares
Investors who take an interest in Spark Infrastructure Group (ASX:SKI) should definitely note that the MD, CEO & Executive Director, Richard Francis, recently paid AU$2.11 per share to buy AU$437k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 29%.
See our latest analysis for Spark Infrastructure Group
The Last 12 Months Of Insider Transactions At Spark Infrastructure Group
In fact, the recent purchase by Richard Francis was the biggest purchase of Spark Infrastructure Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of AU$2.19. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Spark Infrastructure Group share holders is that insiders were buying at near the current price.
While Spark Infrastructure Group insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, 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 Spark Infrastructure 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. Our data suggests Spark Infrastructure Group insiders own 0.1% of the company, worth about AU$4.0m. We prefer to see high levels of insider ownership.
So What Do The Spark Infrastructure Group Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. 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 Spark Infrastructure Group stock. 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. Every company has risks, and we've spotted 3 warning signs for Spark Infrastructure Group you should know about.
Of course Spark Infrastructure Group 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.
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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