Royston Hoggarth Bought 11% More Shares In Intercede Group
Potential Intercede Group plc (LON:IGP) shareholders may wish to note that the Non-Executive Chairman, Royston Hoggarth, recently bought UK£117k worth of stock, paying UK£1.16 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 11%.
The Last 12 Months Of Insider Transactions At Intercede Group
In fact, the recent purchase by Non-Executive Chairman Royston Hoggarth was not their only acquisition of Intercede Group shares this year. They previously made an even bigger purchase of UK£200k worth of shares at a price of UK£1.56 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£1.23). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Intercede Group insiders were buying shares, but not selling. Their average price was about UK£1.39. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Intercede Group
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
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. Insiders own 12% of Intercede Group shares, worth about UK£9.2m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Intercede Group Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Intercede Group insiders are expecting a bright future. While it's good to be aware of 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. For example - Intercede Group has 1 warning sign we think you should be aware of.
Of course Intercede 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 of direct interests only, but not derivative transactions or indirect interests.
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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.