Even if it’s not a huge purchase, we think it was good to see that Henry Weatherill, a Ten Lifestyle Group Plc (LON:TENG) insider, recently shelled out UK£59k to buy stock, at UK£0.62 per share. That purchase might not be huge but it did increase their holding by 10%.
View our latest analysis for Ten Lifestyle Group
The Last 12 Months Of Insider Transactions At Ten Lifestyle Group
In fact, the recent purchase by insider Henry Weatherill was not their only acquisition of Ten Lifestyle Group shares this year. They previously made an even bigger purchase of UK£122k worth of shares at a price of UK£1.16 per share. That means that an insider was happy to buy shares at above the current price of UK£0.60. 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 Ten Lifestyle Group insiders bought shares during the last year, they didn’t sell. The average buy price was around UK£0.91. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Ten Lifestyle Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that Ten Lifestyle Group insiders own 21% of the company, worth about UK£11m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Ten Lifestyle Group Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Ten Lifestyle Group we think they are probably pretty confident of a bright future. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we’ve spotted 4 warning signs for Ten Lifestyle Group (of which 1 shouldn’t be ignored!) you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
Leave a Reply