This Insider Has Just Sold Shares In Pengana Capital Group
Some Pengana Capital Group Limited (ASX:PCG) shareholders may be a little concerned to see that the CEO & Executive Director, Russel Pillemer, recently sold a substantial AU$3.2m worth of stock at a price of AU$0.75 per share. That's a big disposal, and it decreased their holding size by 20%, which is notable but not too bad.
Pengana Capital Group Insider Transactions Over The Last Year
Notably, that recent sale by Russel Pillemer is the biggest insider sale of Pengana Capital Group shares that we've seen in the last year. That means that even when the share price was below the current price of AU$0.92, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 20% of Russel Pillemer's holding.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Pengana Capital Group
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Does Pengana Capital Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 32% of Pengana Capital Group shares, worth about AU$27m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Pengana Capital Group Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pengana Capital Group. Case in point: We've spotted 3 warning signs for Pengana Capital Group you should be aware of, and 1 of these makes us a bit uncomfortable.
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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