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Investors who take an interest in Dunelm Group plc (LON:DNLM) should definitely note that the Independent Chairman of the Board, Andrew Harrison, recently paid UK£10.55 per share to buy UK£298k worth of the stock. Although the purchase only increased their holding by 6.8%, it is still a solid purchase in our view.
Check out our latest analysis for Dunelm Group
Dunelm Group Insider Transactions Over The Last Year
Notably, that recent purchase by Andrew Harrison is the biggest insider purchase of Dunelm Group shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£9.56). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Dunelm Group insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Dunelm Group
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Dunelm Group insiders own 25% of the company, worth about UK£481m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Dunelm Group Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Dunelm Group. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Dunelm Group. For example - Dunelm Group has 2 warning signs we think you should be aware of.
Of course Dunelm Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.