David Haslingden Bought 6.1% More Shares In Coast Entertainment Holdings

Whilst it may not be a huge deal, we thought it was good to see that the Coast Entertainment Holdings Limited (ASX:CEH) Lead Independent Non-Executive Director, David Haslingden, recently bought AU$100k worth of stock, for AU$0.46 per share. Although the purchase is not a big one, increasing their shareholding by only 6.1%, it can be interpreted as a good sign.

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Coast Entertainment Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Lead Independent Non-Executive Director David Haslingden was not the only time they bought Coast Entertainment Holdings shares this year. They previously made an even bigger purchase of AU$500k worth of shares at a price of AU$0.49 per share. That means that an insider was happy to buy shares at above the current price of AU$0.44. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. 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.

Coast Entertainment Holdings insiders may have bought shares in the last year, but they didn’t sell any. You can see the insider transactions (by companies and 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!

Check out our latest analysis for Coast Entertainment Holdings

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Coast Entertainment Holdings

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Coast Entertainment Holdings insiders own about AU$15m worth of shares. That equates to 8.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Coast Entertainment Holdings Insiders?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Coast Entertainment Holdings shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Coast Entertainment Holdings.

Of course Coast Entertainment 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 of direct interests only, but not derivative transactions or indirect interests.

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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.