Yahoo Finance Asset Management Director of Sirius Real Estate Picks Up 94% More Stock
Investors who take an interest in Sirius Real Estate Limited (LON:SRE) should definitely note that the Asset Management Director, Craig Hoskins, recently paid UK£0.99 per share to buy UK£216k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 94%, potentially signalling some real optimism.
Check out our latest analysis for Sirius Real Estate
The Last 12 Months Of Insider Transactions At Sirius Real Estate
In the last twelve months, the biggest single sale by an insider was when the CEO & Executive Director, Andrew Coombs, sold UK£451k worth of shares at a price of UK£0.90 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of UK£0.98. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 4.3% of Andrew Coombs's holding. The only individual insider seller over the last year was Andrew Coombs.
Happily, we note that in the last year insiders paid UK£520k for 569.44k shares. But insiders sold 500.00k shares worth UK£451k. In total, Sirius Real Estate insiders bought more than they sold 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!
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 Sirius Real Estate
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. Sirius Real Estate insiders own about UK£23m worth of shares. That equates to 1.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Sirius Real Estate Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Sirius Real Estate we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 2 warning signs for Sirius Real Estate (1 is significant!) and we strongly recommend you look at these before investing.
Of course Sirius Real Estate 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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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.
