money The of International Housewares Retail Company Limited (HKG:1373), David Webb, Just Bought 0.4% More Shares
Even if it's not a huge purchase, we think it was good to see that David Webb, a International Housewares Retail Company Limited (HKG:1373) insider, recently shelled out HK$333k to buy stock, at HK$1.84 per share. That might not be a big purchase but it only increased their holding by 0.4%, and could be interpreted as a good sign.
See our latest analysis for International Housewares Retail
International Housewares Retail Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Co-Founder Lai Ha Ngai for HK$4.0m worth of shares, at about HK$1.99 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$1.80). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months International Housewares Retail insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
International Housewares Retail 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 of International Housewares Retail
Another way to test the alignment between the leaders of a company 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 be incentivised to build the company for the long term. International Housewares Retail insiders own about HK$170m worth of shares. That equates to 13% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About International Housewares Retail Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about International Housewares Retail. That's what I like to see! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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