Executive Officer & Executive Director of Growthpoint Properties Leon Sasse Buys 66% More Shares
Growthpoint Properties Limited (JSE:GRT) shareholders (or potential shareholders) will be happy to see that the Executive Officer & Executive Director, Leon Sasse, recently bought a whopping R29m worth of stock, at a price of R15.51. That increased their holding by a full 66%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
The Last 12 Months Of Insider Transactions At Growthpoint Properties
Notably, that recent purchase by Leon Sasse is the biggest insider purchase of Growthpoint Properties shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of R15.65. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Growthpoint Properties insider decided to buy shares at close to current prices. Leon Sasse was the only individual insider to buy during the last year. Notably Leon Sasse was also the biggest seller.
Leon Sasse bought a total of 3.14m shares over the year at an average price of R15.40. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Growthpoint Properties
Growthpoint Properties is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Growthpoint Properties
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.3% of Growthpoint Properties shares, worth about R134m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Growthpoint Properties Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Growthpoint Properties insiders are well aligned, and quite possibly think the share price is too low. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Growthpoint Properties has 3 warning signs (and 1 which shouldn't be ignored) we think 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 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.