We’d be surprised if Victorian Plumbing Group plc (LON:VIC) Shareholders have failed to notice that independent CEO Philip Bowcock recently sold £132,000 of shares at £0.71 a share. Raising eyebrows resulted in a 13% reduction in their proportion.
Check out our latest analysis for the Victorian Plumbing Group
The last 12 months of insider transactions at the Victorian Plumbing Group
We can see that the biggest insider buy in the last year was by CEO and director Mark Radcliffe for £400,000 of shares at around £0.40 per share. Although the purchase was made at a significantly lower price than the current price (£0.73), we still see insider buying as a positive. Given that the valuation was at a lower point in time, this doesn’t tell us much about whether insiders might find today’s price attractive.
We are pleased to note that insiders paid £410,000 for 1.02 million shares last year. But insiders sold 185,000 shares worth £132,000. Overall, Victorian Plumbing Group insiders bought more than they sold in the last year. Below is a visual representation of insider transactions (both corporate and individual) over the past 12 months. If you click on the graphic below, you can see the exact details of each insider transaction!
AIM:VIC insider trading volume as of July 13, 2023
There are many other companies where insiders buy stock. You probably do not i want to miss this free List of growing companies that insiders are buying.
Insider ownership of the Victorian Plumbing Group
I like to look at how many shares insiders own in a company to see how well they match insiders. Typically, the higher the insider ownership, the more likely it is that insiders have an incentive to build the company over the long term. Victorian Plumbing Group insiders own 64% of the company, which is currently worth around £151m according to the current share price. Most shareholders would welcome this type of insider ownership, as it suggests that management’s incentives are well-aligned with those of other shareholders.
So what does this data say about insiders at the Victorian Plumbing Group?
An insider recently sold shares, but they didn’t buy. On the other hand, the insider transactions of the past year are pleasing. The high proportion of insider owners is also a consolation for us. As such, recent sales don’t bother us too much. While we like to know what’s going on with the insider’s ownership and transactions, we also consider the risks a stock faces before making an investment decision. Every business has risks and we recognize them 1 warning sign for the Victorian Plumbing Group you should know that.
Naturally Victorian Plumbing Group might not be the best stock to buy. You might want to see that free Collection of high quality companies.
Insiders within the meaning of this article are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private disposals, but not derivatives transactions.
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This Simply Wall St article is of a general nature. We provide commentary based on historical data and analyst forecasts solely using an unbiased methodology and our articles are not intended as financial advice. It is not a recommendation to buy or sell any stock and does not take into account your goals or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.
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