Potential Charter Hall Long WALE REIT (ASX:CLW) shareholders may wish to note that the MD, Group CEO & Director, David Harrison, recently bought AU$188k worth of stock, paying AU$4.65 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 9.4%.
View our latest analysis for Charter Hall Long WALE REIT
Notably, that recent purchase by David Harrison is the biggest insider purchase of Charter Hall Long WALE REIT shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$4.90. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Charter Hall Long WALE REIT share holders is that insiders were buying at near the current price.
While Charter Hall Long WALE REIT insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Charter Hall Long WALE REIT is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. We usually like to see fairly high levels of insider ownership. Our data suggests Charter Hall Long WALE REIT insiders own 0.2% of the company, worth about AU$5.0m. We prefer to see high levels of insider ownership.
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Charter Hall Long WALE REIT stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Charter Hall Long WALE REIT. At Simply Wall St, we found 2 warning signs for Charter Hall Long WALE REIT that deserve your attention before buying any shares.
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.
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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