NCC), Adam Palser, just spent £55,000 to buy 15% more shares

Even though it’s not a big purchase, we think it’s good to see Adam Palser, the CEO and Executive Director of NCC Group plc (LON:NCC) recently spent £55,000 to buy shares at a price of £2.18 per share. While we’re hesitant to get too excited about a purchase of this size, we note that it increased their holding by a whopping 15%.

Check out our latest analysis for NCC Group

The last 12 months of insider transactions at NCC Group

Non-Executive Chairman Christopher Michael Stone made the biggest insider purchase of the last 12 months. This single transaction involved shares worth £100,000 at a price of £2.60 each. So it’s clear that an insider wanted to buy, even at a higher price than the current share price (£2.13). It’s entirely possible that they regret the purchase, but it’s more likely that they’re optimistic about the company. We always pay careful attention to the price that insiders pay when buying shares. Generally, we are more positive about a stock if insiders purchased the stock at a price higher than the current price, as this suggests they viewed the stock as valuable even at a higher price.

NCC Group insiders may have bought shares in the last year, but not sold any. You can see the insider transactions (by companies and individuals) over the last year in the table below. If you want to know exactly who sold how much and when, just click on the graphic below!

NCC Group isn’t the only stock insiders are buying. So take a look free List of growing companies with insider purchases.

Insider ownership of NCC Group

I like to look at how many shares insiders own in a company to get an idea of ​​how aligned they are with insiders. High insider ownership often leads to company management taking greater consideration of shareholders’ interests. Our data suggests that NCC Group insiders own 0.2% of the company, worth about UK£1.2m. In general, I would like a higher level of personal responsibility.

So what does this data say about NCC Group insiders?

It’s good to see recent insider buying. And the longer-term insider trading also gives us confidence. The only slight downside we see from this analysis is the relatively low (overall) insider ownership; Their transactions suggest that they are quite positive on NCC Group stock. In addition to knowing about ongoing insider transactions, it is beneficial to identify the risks facing NCC Group. You would be interested to know what we found 3 warning signs for NCC Group and we recommend you take a look.

Naturally NCC Group may not be the best stock to buy. Maybe you would like to see this free Collection of high quality companies.

Insiders within the meaning of this article are persons who report their transactions to the relevant supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.

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This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any stocks mentioned.