Who Has Been Buying Briscoe Group Limited (NZSE:BGP) Shares?
It's not uncommon for companies to do well in the years after insiders have bought stocks. On the flip side, it wouldn't be worth mentioning that insider selling is known to precede tough times for a company. So before you buy or sell Briscoe Group Limited (NZSE: BGP), you may want to know if Insiders bought or sold.
What is insider selling?
It is quite normal for company insiders, such as board members, to trade in company stocks from time to time. However, most countries require the company to disclose such transactions to the market.
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We do not believe that shareholders should simply pursue insider trades. However, logic dictates that you should be careful about whether insiders are buying or selling stocks. As Peter Lynch said, "Insiders could sell their stocks for a number of reasons, but they are buying them for only one thing: they think the price will go up".
Check out our latest analysis for the Briscoe Group
The last 12 months of insider trading with the Briscoe Group
Last year we saw the largest insider buy by Vice Chairman and Group MD MD Rodney Duke for shares valued at NZ $ 917,000 at approximately NZ $ 3.99 per share. We love to see the purchase, but this purchase was made well below the current price of NZ $ 5.70. While this suggests that insiders are viewing the stock as undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Rodney Duke bought 429.65,000 shares during the year. The average price per share was NZ $ 3.58. The following table shows the insider transactions (by companies and individuals) over the past year. If you want to know exactly who sold how much and when, just click on the graphic below!
Insider trading volume
The Briscoe Group isn't the only stock insiders are buying. So take a look at this free list of growing companies with insider buying.
I like to look at how many stocks insiders own in a company to get my point of view on how well they are connected to insiders. We usually like to see a pretty high level of inside ownership. Briscoe Group insiders own approximately NZ $ 1.0 billion worth of shares (82% of the company). I like this level of insider ownership because it increases the chances of management reflecting on the best interests of shareholders.
What could the insider deals at Briscoe Group tell us?
It doesn't mean much that no insider traded Briscoe Group stock in the last quarter. But insiders have shown more appetite for the stock over the past year. Judging by their transactions and the high level of insider participation, the insiders of the Briscoe Group see the future of the company as good. While we like to know what's wrong with the insider's property and transactions, we make sure we also consider the risks a stock is exposed to before making any investment decision. In conducting our analysis, we found that the Briscoe Group 1 has warning signs and it would be unwise to ignore it.
But be aware: The Briscoe Group may not be the best stock to buy. So take a look at this free list of interesting high ROE, low debt companies.
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 stocks 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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