Although it is not a big purchase, we think it was good to see that Christopher Michael Stone, non-Executive Chairman of. History of NCC Group plc (LON:NCC) recently issued a UK £60k stock buyback, at UK £1.38 per share. While we hesitate to get excited about a purchase of that magnitude, we note that it increased their holdings by a solid 13%.
See our latest analysis of NCC Group
Surprisingly, the recent purchase by Christopher Michael Stone is the largest insider purchase of NCC Group shares that we have seen in the last year. This means that the insider found the current price of UK £1.42 per month to be attractive. While their views may have changed since the acquisition, this shows that they had confidence in the company’s future. We always like to see insider purchases, but it is important to note if the purchases were made below the current share price, as the decrease in value may be lower with the rising price. In this regard we are pleased to inform you that within the purchase was made at the current prices.
While NCC Group insiders have bought shares over the past year, they have not sold. You can see the internal transactions (by companies and individuals) over the past year shown in the chart below. If you want to know exactly who sold, for how much, and when, just click on the graph below!
NCC Group is not the only stock being bought by insiders. There are those who want to search small companies at attractive prices, this they are free a list of growing companies with a recent insider buyout, may be just the ticket.
Many investors like to look at how much of a company they own inside. High insider ownership tends to make the company’s management more sensitive to the interests of the shareholders. Based on our data, it appears that NCC Group internally owns 1.3% of the company, worth approximately UK £5.8m. Overall, this level of ownership isn’t that great, but it’s better than nothing!
It’s interesting to see inside the latest purchase. We also take confidence from the long-term picture of the internal trade. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We wish to see high levels of insider ownership but an analysis of insider trading shows that NCC Group insiders are looking forward to a brighter future. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know what risks a particular company is facing. At Simply Wall St, we found it 1 warning symbol of NCC Group which is worth your attention before buying any shares.