CFO & Executive Director of Hilton Food Group Matthew Osborne Buys 86% More Shares
Investors who take an interest in Hilton Food Group plc (LON:HFG) should definitely note that the CFO & Executive Director, Matthew Osborne, recently paid UK£6.66 per share to buy UK£80k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 86%, potentially signalling some real optimism.
Hilton Food Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Group Chief Executive & Director Mark Allen bought UK£199k worth of shares at a price of UK£4.68 per share. Even though the purchase was made at a significantly lower price than the recent price (UK£6.91), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Hilton Food Group insiders were buying shares, but not selling. They paid about UK£5.37 on average. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share 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 Hilton Food Group
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Hilton Food 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Hilton Food Group insiders own 11% of the company, worth about UK£66m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Hilton Food Group Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Hilton Food Group insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for Hilton Food Group (2 make us uncomfortable) you should be aware of.
Of course Hilton Food 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.