Even if it's not a huge purchase, we think it was good to see that Kevin Robertson, the Group COO & Executive Director of Spur Corporation Ltd (JSE:SUR) recently shelled out R104k to buy stock, at R20.84 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 47%.
Spur Insider Transactions Over The Last Year
Notably, that recent purchase by Kevin Robertson is the biggest insider purchase of Spur 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 R21.49. 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. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Kevin Robertson was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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 Spur
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Our information indicates that Spur insiders own about R230k worth of shares. This level of insider ownership is notably low, and not very encouraging.
So What Do The Spur Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give 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 Spur stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Spur. At Simply Wall St, we've found that Spur has 2 warning signs (1 is potentially serious!) that deserve your attention before going any further with your analysis.
Of course Spur 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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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