A number of insiders bought Port of Tauranga Limited (NZSE:POT) stock last year, which is great news for shareholders

  • In Business
  • 2021-11-28 20:00:56Z
  • By Simply Wall St.

Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Port of Tauranga Limited (NZSE:POT), that sends out a positive message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Port of Tauranga

Port of Tauranga Insider Transactions Over The Last Year

The insider Mark Cairns made the biggest insider purchase in the last 12 months. That single transaction was for NZ$167k worth of shares at a price of NZ$7.39 each. That means that an insider was happy to buy shares at above the current price of NZ$6.78. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Port of Tauranga insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Port of Tauranga Insiders Bought Stock Recently

Over the last quarter, Port of Tauranga insiders have spent a meaningful amount on shares. Overall, three insiders shelled out NZ$259k for shares in the company -- and none sold. That shows some optimism about the company's future.

Insider Ownership

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. Port of Tauranga insiders own about NZ$42m worth of shares. That equates to 0.9% 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.

What Might The Insider Transactions At Port of Tauranga Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Port of Tauranga shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.


More Related News

Insiders who bought in the last 12 months lose an additional UK£6.4k as FD Technologies Plc (LON:FDP) drops to UK£451m
Insiders who bought in the last 12 months lose an additional UK£6.4k as FD Technologies Plc (LON:FDP) drops to UK£451m

The recent price decline of 21% in FD Technologies Plc's ( LON:FDP ) stock may have disappointed insiders who bought...

B2 Digital
B2 Digital's ONE MORE Gym Segment Looks Forward to Continued Rapid Growth and Aggressive Acquisition Potential

TAMPA, FL, Jan. 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - B2Digital Incorporated (the "Company" or "B2Digital") (OTCMKTS:BTDG), the premier development league for mixed martial arts ("MMA"), is pleased to update the outlook ahead for the Company's ONE MORE Gym segment, which has grown total revenues nearly 500% in less than two years as it prepares to enter the future of virtual fitness and training. Greg P. Bell, CEO of B2 Digital, commented, "We have big plans ahead for ONE MORE Gym, inc

Here's What Ocean Wilsons Holdings Limited's (LON:OCN) Shareholder Ownership Structure Looks Like

A look at the shareholders of Ocean Wilsons Holdings Limited ( LON:OCN ) can tell us which group is most powerful...

Do Insiders Own Lots Of Shares In Red Hill Iron Limited (ASX:RHI)?
Do Insiders Own Lots Of Shares In Red Hill Iron Limited (ASX:RHI)?

Every investor in Red Hill Iron Limited ( ASX:RHI ) should be aware of the most powerful shareholder groups...

Buy These 2 Small-Cap Stocks to Double Your Investment, Say Analysts
Buy These 2 Small-Cap Stocks to Double Your Investment, Say Analysts

Let's not beat about the bush too much. At the end of the day every investor wants to see a strong return on their outlay. The stronger, the better. The...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: Business