16% Of This Growthpoint Properties Insider's Holdings Were Sold
From what we can see, insiders were net sellers in Growthpoint Properties Limited's (JSE:GRT ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Growthpoint Properties Insider Transactions Over The Last Year
The Executive Officer & Executive Director Leon Sasse made the biggest insider purchase in the last 12 months. That single transaction was for R20m worth of shares at a price of R15.24 each. That means that an insider was happy to buy shares at around the current price of R16.45. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Growthpoint Properties share holders is that an insider was buying at near the current price. Leon Sasse was the only individual insider to buy during the last year. Notably Leon Sasse was also the biggest seller.
Leon Sasse ditched 1.30m shares over the year. The average price per share was R15.84. 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 Growthpoint Properties
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Growthpoint Properties
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of Growthpoint Properties shares, worth about R142m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Growthpoint Properties Tell Us?
The fact that there have been no Growthpoint Properties insider transactions recently certainly doesn't bother us. While we feel good about high insider ownership of Growthpoint Properties, we can't say the same about the selling of shares. 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. For instance, we've identified 2 warning signs for Growthpoint Properties (1 is concerning) you should be aware of.
Of course Growthpoint Properties 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.