David Webb of International Housewares Retail Company Limited (HKG: 1373) just spent HK $ 107,000 on a handful of stocks
While not a huge buy, we think it was good to see that David Webb, a International Houseware Retail Company Limited (HKG: 1373) insider, recently shelled out HK $ 107,000 to buy shares, at HK $ 2.67 per share. Still, it only increased their stake by a tiny percentage, and it wasn’t a massive buy in absolute terms, either.
See our latest analysis for International Housewares Retail
International insider transactions in household goods retail in the past year
In fact, David Webb’s recent purchase was the largest insider buyout of International Housewares Retail shares in the past twelve months, according to our records. So it is clear that an insider wanted to buy, even at a price higher than the current share price (ie HK $ 2.61). While their opinion may have changed since the purchase, it at least suggests that they have confidence in the future of the business. For us, it’s very important to consider the price insiders pay for stocks. Typically, we are more bullish on a stock when an insider has bought stocks for more than the current price, as this suggests that they viewed the stock as good value, even at a low price. higher price. The only individual insider to buy over the past year was David Webb.
You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!
There are many other companies that have insiders who buy stocks. You probably do not want to miss it free list of growing companies that insiders buy.
International Housewares Retail Insider Ownership
Another way to test the alignment between a company’s executives and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. Insiders own 14% of the shares of International Housewares Retail, worth around HK $ 263 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
So what do international insider transactions in household goods retail indicate?
It’s good to see the recent insider buy. We also trust the longer term image of insider trading. When combined with notable insider ownership, these factors suggest that International Housewares Retail insiders are well aligned and most likely think the stock price is too low. It looks promising! In addition to knowing the current insider transactions, it is useful to identify the risks facing International Housewares Retail. To help you, we have discovered 1 warning sign which you should browse to get a better picture of International Housewares Retail.
Sure, you might find a fantastic investment looking elsewhere. So take a look at this free list of interesting companies.
For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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