Insider Spends AU$238k Buying More Shares In Aspen Group
Investors who take an interest in Aspen Group (ASX:APZ) should definitely note that the Independent Non Executive Director, John Freedman, recently paid AU$5.44 per share to buy AU$238k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 101%, potentially signalling some real optimism.
Aspen Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Executive Director, David Dixon, sold AU$11m worth of shares at a price of AU$5.70 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (AU$5.17). So it may not tell us anything about how insiders feel about the current share price.
Over the last year we saw more insider selling of Aspen Group shares, than buying. 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!
See our latest analysis for Aspen Group
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Insider Ownership
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Aspen Group insiders own about AU$92m worth of shares. That equates to 7.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Aspen Group Tell Us?
It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by Aspen Group insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aspen Group. For example - Aspen Group has 1 warning sign we think you should be aware of.
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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.