Yahoo Finance Chief Executive Officer Vincent Hawksworth Just Bought 962% More Shares In Mercury NZ Limited (NZSE:MCY)
Whilst it may not be a huge deal, we thought it was good to see that the Mercury NZ Limited (NZSE:MCY) Chief Executive Officer, Vincent Hawksworth, recently bought NZ$130k worth of stock, for NZ$6.50 per share. Even though that isn't a massive buy, it did increase their holding by 962%, which is arguably a good sign.
View our latest analysis for Mercury NZ
Mercury NZ Insider Transactions Over The Last Year
In fact, the recent purchase by Vincent Hawksworth was the biggest purchase of Mercury NZ shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of NZ$6.20. 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. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Mercury NZ insiders bought shares during the last year, they didn't sell. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Mercury NZ
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Mercury NZ insiders own 0.06% of the company, worth about NZ$5.1m. We prefer to see high levels of insider ownership.
So What Do The Mercury NZ Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Mercury NZ insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mercury NZ. When we did our research, we found 2 warning signs for Mercury NZ (1 is concerning!) that we believe deserve your full attention.
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, 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.
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