Yahoo Finance Gary Bullard Is The Independent Non-Executive Chairman of Gooch & Housego PLC (LON:GHH) And They Just Picked Up 75% More Shares
Even if it's not a huge purchase, we think it was good to see that Gary Bullard, the Independent Non-Executive Chairman of Gooch & Housego PLC (LON:GHH) recently shelled out UK£60k to buy stock, at UK£4.01 per share. While that isn't the hugest buy, it actually boosted their shareholding by 75%, which is good to see.
See our latest analysis for Gooch & Housego
The Last 12 Months Of Insider Transactions At Gooch & Housego
Notably, that recent purchase by Gary Bullard is the biggest insider purchase of Gooch & Housego shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£4.26. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Gooch & Housego share holders is that insiders were buying at near the current price.
Gooch & Housego insiders may have bought shares in the last year, but they didn't sell any. They paid about UK£5.15 on average. 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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 Gooch & Housego
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at Gooch & Housego, though insiders do hold about UK£277k worth of shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We might be missing something but that seems like very low insider ownership.
So What Does This Data Suggest About Gooch & Housego Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. 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 Gooch & Housego stock. 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. You'd be interested to know, that we found 2 warning signs for Gooch & Housego and we suggest you have a look.
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.
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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.
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