Potential Tabcorp Holdings Limited (ASX:TAH) shareholders may wish to note that the MD, CEO & Executive Director, Adam Rytenskild, recently bought AU$253k worth of stock, paying AU$1.01 for each share. Although the purchase only increased their holding by 8.8%, it is still a solid purchase in our view.

View our latest analysis for Tabcorp Holdings

Tabcorp Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by MD, CEO & Executive Director Adam Rytenskild was not the only time they bought Tabcorp Holdings shares this year. Earlier in the year, they paid AU$1.01 per share in a AU$1.0m purchase. That implies that an insider found the current price of AU$1.02 per share to be enticing. 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. The good news for Tabcorp Holdings share holders is that insiders were buying at near the current price.

While Tabcorp Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! insider-trading-volume

Tabcorp Holdings is not the only stock that insiders are buying. For those who like to find winning investments this freelist of growing companies with recent insider purchasing, could be just the ticket.

Does Tabcorp Holdings Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.4% of Tabcorp Holdings shares, worth about AU$9.1m, according to our data. We do generally prefer see higher levels of insider ownership.



So What Does This Data Suggest About Tabcorp Holdings Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Tabcorp 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 freereport showing analyst forecasts for its future.

But note: Tabcorp Holdings may not be the best stock to buy. So take a peek at this freelist 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.

Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

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