Despite low prices, insiders at Impax Asset Management Group plc (LON: IPX) sold £ 1.0million of shares last year, likely anticipating weakness


The value of Impax Asset Management Group plc (LON: IPX) fell 4.7% last week, but insiders who sold £ 1.0million of shares in the past year have had less successful. Insiders might have been better off holding their shares, given that the average sale price of UK £ 8.17 is still below the current share price.

While insider trading isn’t the most important thing when it comes to investing for the long term, we think it makes perfect sense to keep tabs on what insiders are doing.

See our latest analysis for Impax Asset Management Group

Insider trading of the Impax Asset Management group over the past year

Founder Ian Simm had the biggest insider sale in the past 12 months. This one-off transaction involved shares valued at £ 840,000 priced at £ 8.40 each. So it’s clear that an insider wanted to take money off the table, even below the current price of UK £ 11.28. When an insider sells below the current price, it suggests that he or she considered that lower price to be fair. This makes us wonder what they think of the recent (higher) valuation. However, while insider selling can be daunting at times, this is only a weak signal. We note that the biggest single sale was only 1.0% of Ian Simm’s stake. The only individual insider seller over the past year was Ian Simm. Ian Simm was also the biggest buyer, having bought shares worth £ 26,000.

Ian Simm sold a total of 123.15,000 shares during the year at an average price of £ 8.17. The chart below shows insider trading (by companies and individuals) over the past year. If you want to know exactly who sold, for how much and when, just click on the graph below!

OBJECTIVE: IPX Insider Trading Volume October 2, 2021

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Does Impax Asset Management Group boast a strong insider participation?

Looking at the total insider stakes in a company can help you determine if they are well aligned with common shareholders. We generally like to see fairly high levels of insider ownership. Insiders of Impax Asset Management Group own 15% of the company, with a current value of around £ 205million based on the recent share price. This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.

What could insider trading at Impax Asset Management Group tell us?

It doesn’t really mean much that no insider traded Impax Asset Management Group shares in the last quarter. While we are pleased with Impax Asset Management Group’s high insider ownership, we cannot say the same for the sale of shares. Sure, the future is what matters most. So if you are interested in Impax Asset Management Group, you should check out this free analyst forecast report for the company.

Sure Impax Asset Management Group may not be the best stock to buy. So you might want to see this free collection of high quality companies.

For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

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