Henry Angest Buys Handful Of Shares In Arbuthnot Banking Group
Potential Arbuthnot Banking Group PLC (LON:ARBB) shareholders may wish to note that the Chairman & CEO, Henry Angest, recently bought UK£160k worth of stock, paying UK£8.01 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Arbuthnot Banking Group Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman & CEO Henry Angest was not the only time they bought Arbuthnot Banking Group shares this year. They previously made an even bigger purchase of UK£2.6m worth of shares at a price of UK£8.60 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£7.85). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Henry Angest was the only individual insider to buy during the last year.
Henry Angest bought 320.00k shares over the last 12 months at an average price of UK£8.56. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Arbuthnot Banking Group
Arbuthnot Banking Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Arbuthnot Banking Group Boast High 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. Arbuthnot Banking Group insiders own about UK£59m worth of shares (which is 46% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Arbuthnot Banking Group Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Arbuthnot Banking Group. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Arbuthnot Banking Group. For example - Arbuthnot Banking Group has 1 warning sign we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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.