In This Article:
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So shareholders might well want to know whether insiders have been buying or selling shares in Garda Property Group (ASX:GDF).
What Is Insider Buying?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.
View our latest analysis for Garda Property Group
The Last 12 Months Of Insider Transactions At Garda Property Group
In the last twelve months, the biggest single purchase by an insider was when Executive Director of Garda Capital Limited Mark Hallett bought AU$14m worth of shares at a price of AU$1.00 per share. So it's clear an insider wanted to buy, at around the current price, which is AU$1.02. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Garda Property Group insiders decided to buy shares at close to current prices. Notably Mark Hallett was also the biggest seller.
Over the last year, we can see that insiders have bought 14.11m shares worth AU$14m. But they sold 160.00k shares for AU$218k. In total, Garda Property Group insiders bought more than they sold over the last year. 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 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).
Insiders at Garda Property Group Have Bought Stock Recently
It's good to see that Garda Property Group insiders have made notable investments in the company's shares. Executive Director of Garda Capital Limited Mark Hallett spent AU$14m on stock, and there wasn't any selling. This could be interpreted as suggesting a positive outlook.