CEO & Executive Director of TruFin James Andrew Van Den Bergh Buys 56% More Shares
Potential TruFin plc (LON:TRU) shareholders may wish to note that the CEO & Executive Director, James Andrew Van Den Bergh, recently bought UK£141k worth of stock, paying UK£0.94 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 56%.
The Last 12 Months Of Insider Transactions At TruFin
In fact, the recent purchase by James Andrew Van Den Bergh was the biggest purchase of TruFin shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£1.00 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the TruFin insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was James Andrew Van Den Bergh.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for TruFin
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 TruFin
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. Our data indicates that TruFin insiders own about UK£3.4m worth of shares (which is 6.3% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About TruFin Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that TruFin insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with TruFin (including 1 which is concerning).
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 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.