Yahoo Finance Trade Alert: The MD, Group CEO & Director Of Charter Hall Group (ASX:CHC), David Harrison, Has Just Spent AU$863k Buying 5.2% More Shares
Charter Hall Group (ASX:CHC) shareholders (or potential shareholders) will be happy to see that the MD, Group CEO & Director, David Harrison, recently bought a whopping AU$863k worth of stock, at a price of AU$12.33. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 5.2%.
Check out our latest analysis for Charter Hall Group
Charter Hall Group Insider Transactions Over The Last Year
In fact, the recent purchase by David Harrison was the biggest purchase of Charter Hall 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 above the current price of AU$12.18. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. We note that David Harrison was also the biggest seller.
Happily, we note that in the last year insiders paid AU$883k for 71.59k shares. But insiders sold 35.51k shares worth AU$449k. In the last twelve months there was more buying than selling by Charter Hall Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Charter Hall 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.
Insider Ownership of Charter Hall Group
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.4% of Charter Hall Group shares, worth about AU$22m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Charter Hall Group Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Charter Hall Group insiders are well aligned, and that they may think the share price is too low. 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. Case in point: We've spotted 1 warning sign for Charter Hall Group you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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