CEO, MD & Board of Director of GPT Group Picks Up 15% More Stock
Potential The GPT Group (ASX:GPT) shareholders may wish to note that the CEO, MD & Board of Director, Russell Proutt, recently bought AU$555k worth of stock, paying AU$4.44 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 15%.
The Last 12 Months Of Insider Transactions At GPT Group
In fact, the recent purchase by Russell Proutt was the biggest purchase of GPT Group 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 AU$4.57 per share to be enticing. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the GPT Group insiders decided to buy shares at close to current prices.
While GPT 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for GPT Group
GPT Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own AU$6.1m worth of GPT Group stock, about 0.07% of the company. I generally like to see higher levels of ownership.
What Might The Insider Transactions At GPT Group Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that GPT Group insiders are reasonably well aligned, and optimistic for the 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. To that end, you should learn about the 4 warning signs we've spotted with GPT Group (including 2 which are potentially serious).
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.