Insider Buys Additional €81k In Origin Enterprises Stock
Even if it's not a huge purchase, we think it was good to see that John Hennessy, the Independent Non-Executive Chairman of Origin Enterprises plc (ISE:OIZ) recently shelled out €81k to buy stock, at €4.05 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
Origin Enterprises Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Divisional Managing Director for Living Landscapes & Executive Director, Thomas Kelly, sold €179k worth of shares at a price of €4.20 per share. So we know that an insider sold shares at around the present share price of €4.10. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Happily, we note that in the last year insiders paid €149k for 36.40k shares. On the other hand they divested 82.72k shares, for €349k. All up, insiders sold more shares in Origin Enterprises than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Origin Enterprises
I will like Origin Enterprises better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership Of Origin Enterprises
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own €3.4m worth of Origin Enterprises stock, about 0.8% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Origin Enterprises Tell Us?
It's certainly positive to see the recent insider purchases. However, the longer term transactions are not so encouraging. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. 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 example - Origin Enterprises has 2 warning signs we think you should be aware of.
But note: Origin Enterprises may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.