Some of the losses seen by insiders who purchased UK£198.8k worth of Thruvision Group plc( LON:THRU ) shares over the past year were recovered after the stock increased by 33% over the past week. The purchase, however, has proven to be a pricey bet, with losses currently totalling UK£102k.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Thruvision Group Insider Transactions Over The Last Year
The insider Paul Hart made the biggest insider purchase in the last 12 months. That single transaction was for UK£50k worth of shares at a price of UK£0.022 each. That means that an insider was happy to buy shares at above the current price of UK£0.009. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 10.77m shares worth UK£199k. But they sold 3.28m shares for UK£57k. In total, Thruvision Group insiders bought more than they sold over the last year. Their average price was about UK£0.018. This is nice to see since it implies that insiders might see value around current prices. 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!
View our latest analysis for Thruvision Group
There are plenty of other companies that have insiders buying up shares. You probably do notwant to miss this free list of undervalued small cap companies that insiders are buying.
Have Thruvision Group Insiders Traded Recently?
In the last quarter Independent Non-Executive Director Katrina Nurse sold UK£123 worth of equity. That's not a lot. Looking at the net result, we don't think this recent trading sheds much light on how insiders, as a group, are feeling about the company's prospects.
Does Thruvision Group Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 23% of Thruvision Group shares, worth about UK£913k. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Thruvision Group Insiders?
While there has not been any insider buying in the last three months, there has been selling. But the sales were small, so we're not concerned. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Thruvision Group and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Thruvision Group. To that end, you should learn about the 5 warning signs we've spotted with Thruvision Group (including 4 which are concerning) .
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 of direct interests only, but not derivative transactions or indirect interests.
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