Investors who take an interest in Hays plc( LON:HAS ) should definitely note that the CEO & Director, Mark Dearnley, recently paid UK£0.30 per share to buy UK£147k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 127%.
The Last 12 Months Of Insider Transactions At Hays
The insider Dirk Hahn made the biggest insider purchase in the last 12 months. That single transaction was for UK£224k worth of shares at a price of UK£0.62 each. That means that an insider was happy to buy shares at above the current price of UK£0.31. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Hays insiders bought shares during the last year, they didn't sell. Their average price was about UK£0.47. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Hays
Hays is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Hays Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our information indicates that Hays insiders own about UK£235k worth of shares. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.
So What Does This Data Suggest About Hays Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Hays stock. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Hays .
Of course, you might find a fantastic investment by looking elsewhere.So take a peek at this free list of interesting 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.
