Some AVI Limited (JSE:AVI) shareholders may be a little concerned to see that the CEO & Executive Director, Simon Crutchley, recently sold a substantial R16m worth of stock at a price of R83.00 per share. That's a big disposal, and it decreased their holding size by 11%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At AVI
Notably, that recent sale by Simon Crutchley is the biggest insider sale of AVI shares that we've seen in the last year. That means that an insider was selling shares at around the current price of R82.34. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Happily, we note that in the last year insiders paid R43m for 574.69k shares. But they sold 552.12k shares for R52m. All up, insiders sold more shares in AVI than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for AVI
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership Of AVI
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that AVI insiders own about R155m worth of shares (which is 0.6% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At AVI Tell Us?
The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, AVI insiders are reasonably well aligned, and optimistic for the future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for AVI.
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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