CEO & Executive Director of AVI Picks Up 11% More Stock
AVI Limited (JSE:AVI) shareholders (or potential shareholders) will be happy to see that the CEO & Executive Director, Simon Crutchley, recently bought a whopping R10m worth of stock, at a price of R74.00. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 11%.
AVI Insider Transactions Over The Last Year
In fact, the recent purchase by CEO & Executive Director Simon Crutchley was not their only trade of AVI shares this year. They previously made a sale of -R16m worth of shares at a price of R100 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of R82.18. So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 729.75k shares for R58m. But they sold 354.62k shares for R35m. Overall, AVI insiders were net buyers during the last year. Their average price was about R79.68. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. 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 AVI
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of AVI
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. Our data indicates that AVI insiders own about R147m worth of shares (which is 0.5% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About AVI Insiders?
It's certainly positive to see the recent insider purchases. 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 AVI. Nice! Of course, the future is what matters most. So if you are interested in AVI, you should check out this free report on analyst forecasts for the company.
Of course AVI 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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