Mark Garvey Is The Group Finance Director & Executive Director of Glanbia plc (ISE:GL9) And They Just Spent €256k On Shares

Investors who take an interest in Glanbia plc (ISE:GL9) should definitely note that the Group Finance Director & Executive Director, Mark Garvey, recently paid €9.75 per share to buy €256k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 33%.

View our latest analysis for Glanbia

The Last 12 Months Of Insider Transactions At Glanbia

Notably, that recent purchase by Mark Garvey is the biggest insider purchase of Glanbia shares that we've seen in the last year. That means that even when the share price was higher than €9.68 (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. We note that Mark Garvey was also the biggest seller.

Happily, we note that in the last year insiders paid €537k for 51.71k shares. But they sold 12168 shares for €119k. Overall, Glanbia insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Glanbia insiders own about €8.7m worth of shares (which is 0.3% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Glanbia Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Glanbia insiders are reasonably well aligned, and optimistic for the future. 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. In terms of investment risks, we've identified 2 warning signs with Glanbia and understanding them should be part of your investment process.

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.

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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