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Insiders who bought Coats Group plc (LON: COA) shares in the past 12 months are unlikely to be significantly affected by the 4.2% decline in the stock last week. Even after factoring in the recent loss, the $ 113,000 stock they bought is now worth $ 122,000, or in other words, their investment continues to bring good returns.
While we do not believe that shareholders should simply follow insider trades, logically, you should pay attention to whether insiders are buying or selling stocks.
Check out our latest analysis for Coats Group
The last 12 months of insider trading at Coats Group
The largest single buy by an insider in the past twelve months was when independent chairman David Gosnell bought £ 97,000 worth of shares at £ 0.69 per share. So it’s clear that an insider wanted to buy at the current price of £ 0.74. Of course, they may have changed their minds. But that suggests that they are optimistic. While we always like to see inside buying, it is less meaningful if the purchases were made at much lower prices as the opportunity they saw may have passed. In this case, we are happy to inform you that the insider purchases were made at almost current prices.
Over the past year, Coats group insiders have been buying shares but not selling them. The graph below shows insider transactions (by company and individual) over the past year. If you click on the chart, you will see all individual transactions including share price, individual and date!
There are always plenty of stocks that insiders buy. So if that suits your style, you can check out or take a look at each stock individually for free List of companies. (Note: Insiders bought them).
Coats Group inside property
I like to look at how many stocks insiders own in a company to give my opinion on how well they are connected to insiders. I think it’s a good sign when insiders own a significant number of shares in the company. Our data shows that Coats Group insiders own approximately £ 4.3m worth of shares (that’s 0.4% of the company). Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!
What could the insider deals at Coats Group tell us?
There has been no insider trading in the past three months – that doesn’t mean much. But insiders have shown more appetite for the stock over the past year. We would like to see larger individual participations. However, we don’t see anything that leads us to believe that Coats Group insiders have doubts about the company. So it is helpful to know what insiders are doing in relation to buying or selling, but it is also helpful to know the risks a particular company faces. As for the investment risks, We identified 1 warning sign with the Coats Group and understanding them should be part of your investment process.
But be careful: Coats Group may not be the best stock to buy. So check this out for free List of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently account for open market transactions and private dispositions, but no derivative transactions.
This article from Simply Wall St is of a general nature. We only provide comments based on historical data and analyst projections using an unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamentals. Note that our analysis may not take into account the latest company announcements or quality material, which may be sensitive to the price. Simply Wall St has no position in the stocks mentioned.
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