Looking at Dah Sing Banking Group Limited's (HKG:2356 ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Dah Sing Banking Group
The Last 12 Months Of Insider Transactions At Dah Sing Banking Group
Over the last year, we can see that the biggest insider purchase was by Deputy CEO & Executive Director Nicholas John Mayhew for HK$2.1m worth of shares, at about HK$5.78 per share. That implies that an insider found the current price of HK$6.12 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Dah Sing Banking Group insider decided to buy shares at close to current prices. Nicholas John Mayhew was the only individual insider to buy shares in the last twelve months.
Nicholas John Mayhew purchased 1.69m shares over the year. The average price per share was HK$5.91. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Dah Sing Banking Group insiders own 0.3% of the company, worth about HK$29m. We prefer to see high levels of insider ownership.
So What Do The Dah Sing Banking Group Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Dah Sing Banking Group insiders are doubting the company, and they do own shares. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Dah Sing Banking Group and we suggest you have a look.
But note: Dah Sing Banking Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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.