Halfords Group plc (LON:HFD) Insiders Increased Their Holdings
We haven't counted the number of times insiders have accumulated stakes in a company that is doing significantly better. On the other hand, it wouldn't be worth mentioning that insider selling is known to precede tough times for a company. So we're going to look to see if Insiders bought or sold shares in Halfords Group plc (LON: HFD).
What is insider selling?
It is perfectly legal for company insiders, including board members, to buy and sell shares in a company. However, rules apply to insider trading and certain disclosures are required.
Insider trading isn't the most important thing when it comes to long-term investments. However, logic dictates that you should be careful about whether insiders are buying or selling stocks. For example, a study by Harvard University found that "insider buying generates unusual returns of more than 6% per year".
Check out our latest analysis for Halfords Group
Halfords Group insider transactions last year
Last year we could see that the largest insider buy was made by independent non-executive chairman Keith Williams for £ 77,000 worth of shares in the UK, which is roughly £ 1.54 in the UK. Although the purchase was made at a significantly lower price than the most recent price (£ 2.42), we still think insider buying is positive. Since the shares were bought at a lower price, that purchase doesn't tell us much about how insiders view the current share price.
The following table shows the insider transactions (by companies and individuals) over the past year. If you click on the chart, you will see all of the individual transactions, including the stock price, the individual, and the date!
Insider trading volume
There are always plenty of stocks that insiders buy. If that suits your style, you can check out each stock individually or check out this free list of companies. (Note: Insiders bought them).
Halfords Group inside ownership
Many investors like to examine how much of a company is owned by insiders. A high level of insider participation often makes company management more aware of the interests of shareholders. According to our data, Insider owns shares in Halfords Group valued at £ 807,000 in the UK, representing approximately 0.2% of the company. I generally like higher levels of ownership.
What do the Halfords Group's insider transactions indicate?
It doesn't mean much that no insider traded Halfords Group stock in the last quarter. But insiders have shown more appetite for the stock over the past year. We would like to see larger individual holdings. However, we don't see anything that leads us to believe that Halfords Group insiders have doubts about the company. In addition to knowing about ongoing insider transactions, it is beneficial to identify the risks to which Halfords Group is exposed. To support this, we have discovered 4 warning signs you should think about in order to get a better picture of the Halfords Group.
If you'd rather try a different company - one with potentially superior financials - don't miss this free list of interesting companies with high return on equity, low debt.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
This article from Simply Wall St is of a general nature. It is not a recommendation to buy or sell shares and does not take into account your goals or your financial situation. We want to provide you with a long-term, focused analysis based on fundamental data. Note that our analysis may not take into account the latest price sensitive company announcements or quality materials. Simply Wall St has no position in the stocks mentioned.
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