Ken Hunzeker Is The Independent Non-Executive Director of Ultra Electronics Holdings plc (LON:ULE) And Just Spent UK£49k On Shares

Even if it's not a huge purchase, we think it was good to see that Ken Hunzeker, the Independent Non-Executive Director of Ultra Electronics Holdings plc (LON:ULE) recently shelled out UK£49k to buy stock, at UK£24.58 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

See our latest analysis for Ultra Electronics Holdings

Ultra Electronics Holdings Insider Transactions Over The Last Year

The Chairman of the Board William Rice made the biggest insider purchase in the last 12 months. That single transaction was for UK£119k worth of shares at a price of UK£23.75 each. That means that an insider was happy to buy shares at around the current price of UK£24.84. 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 do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

Ultra Electronics Holdings insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around UK£20.92. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. The chart below shows insider transactions (by companies and 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!

Ultra Electronics Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Ultra Electronics Holdings Boast High Insider Ownership?

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Ultra Electronics Holdings insiders have about 0.1% of the stock, worth approximately UK£1.7m. We prefer to see high levels of insider ownership.

So What Do The Ultra Electronics Holdings Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Ultra Electronics Holdings insiders are reasonably well aligned, and optimistic for the future. 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.

Of course Ultra Electronics Holdings 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.

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. 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.

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