CEO & Executive Director Wolfgang Neff Sold A Bunch Of Shares In Wilson Bayly Holmes-Ovcon
We'd be surprised if Wilson Bayly Holmes-Ovcon Limited (JSE:WBO) shareholders haven't noticed that the CEO & Executive Director, Wolfgang Neff, recently sold R3.0m worth of stock at R153 per share. That sale was 50% of their holding, so it does make us raise an eyebrow.
Wilson Bayly Holmes-Ovcon Insider Transactions Over The Last Year
Notably, that recent sale by CEO & Executive Director Wolfgang Neff was not the only time they sold Wilson Bayly Holmes-Ovcon shares this year. Earlier in the year, they fetched R209 per share in a -R22m sale. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is R151. So it may not tell us anything about how insiders feel about the current share price.
In the last year Wilson Bayly Holmes-Ovcon insiders didn't buy any company stock. 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!
See our latest analysis for Wilson Bayly Holmes-Ovcon
I will like Wilson Bayly Holmes-Ovcon better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Wilson Bayly Holmes-Ovcon insiders own 0.3% of the company, worth about R20m. However, it's possible that insiders might have an indirect interest through a more complex structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Wilson Bayly Holmes-Ovcon Insiders?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. On the plus side, Wilson Bayly Holmes-Ovcon makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! While it's good to be aware of 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. At Simply Wall St, we found 2 warning signs for Wilson Bayly Holmes-Ovcon that deserve your attention before buying any shares.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.