This Insider Has Just Sold Shares In Luceco

Some Luceco plc (LON:LUCE) shareholders may be a little concerned to see that the CEO & Executive Director, Jonathan Hornby, recently sold a substantial UK£1.1m worth of stock at a price of UK£2.24 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 2.0%.

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The Last 12 Months Of Insider Transactions At Luceco

In fact, the recent sale by CEO & Executive Director Jonathan Hornby was not their only sale of Luceco shares this year. They previously made an even bigger sale of -UK£3.0m worth of shares at a price of UK£2.76 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of UK£2.23. So it may not shed much light on insider confidence at current levels.

Insiders in Luceco didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Luceco

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Luceco

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Luceco insiders own 24% of the company, worth about UK£80m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Luceco Insider Transactions Indicate?

An insider sold Luceco shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Luceco is growing earnings. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 3 warning signs for Luceco and we suggest you have a look.

Of course Luceco 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.

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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.