Jeffrey Nodland Is The Independent Non- Executive Chairman of the Board of McBride plc (LON:MCB) And They Just Spent UK£62k On Shares

Whilst it may not be a huge deal, we thought it was good to see that the McBride plc (LON:MCB) Independent Non- Executive Chairman of the Board, Jeffrey Nodland, recently bought UK£62k worth of stock, for UK£0.68 per share. Even though that isn't a massive buy, it did increase their holding by 70%, which is a arguably a good sign.

Check out our latest analysis for McBride

The Last 12 Months Of Insider Transactions At McBride

In fact, the recent purchase by Independent Non- Executive Chairman of the Board Jeffrey Nodland was not their only acquisition of McBride shares this year. Earlier in the year, they paid UK£0.71 per share in a UK£78k purchase. That means that even when the share price was higher than UK£0.68 (the recent price), an insider wanted to purchase shares. 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

McBride insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data isn't picking up on much insider ownership at McBride, though insiders do hold about UK£375k worth of shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We might be missing something but that seems like very low insider ownership.

What Might The Insider Transactions At McBride Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that McBride insiders are reasonably well aligned, and optimistic for the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for McBride.

Of course McBride may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

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