Insider Buying: The A.G. BARR p.l.c. (LON:BAG) Commercial Director & Executive Director Just Bought 9.9% More Shares
Even if it's not a huge purchase, we think it was good to see that Jonathan Kemp, the Commercial Director & Executive Director of A.G. BARR p.l.c. (LON:BAG) recently shelled out UK£53k to buy stock, at UK£4.00 per share. However, it only increased their shares held by 9.9%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for A.G. BARR
The Last 12 Months Of Insider Transactions At A.G. BARR
Notably, that recent purchase by Jonathan Kemp is the biggest insider purchase of A.G. BARR shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£4.35. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Jonathan Kemp was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that A.G. BARR insiders own 16% of the company, worth about UK£76m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At A.G. BARR Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest A.G. BARR insiders are well aligned, and that they may think the share price is too low. While we like knowing 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. Case in point: We've spotted 2 warning signs for A.G. BARR 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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
