Insider buying is often seen as a sign that those who know what’s going on behind the scenes at a company are optimistic about its stockâs future. And thereâs been plenty of insider buying happening among S&P/ASX 300 Index (ASX: XKO) shares lately.
Indeed, directors at three ASX 300 shares forked out a combined $274,000 to bolster their holdings in their respective companies late last week. Here are all the details.
3 ASX 300 shares being snapped up by directors
Dicker Data Ltd (ASX: DDR)
Shares in ASX 300 tech company Dicker Data have been the subject of insider buying in recent sessions.
The companyâs executive director and chief operating officer Vladimir Mitnovetski snapped up 20,000 shares on Thursday, paying $7.90 apiece to do so.
That sees the insider having forked out a total of $158,000 to bolster his stake, bringing his total interest to around 873,000 stocks.
Ramsay Health Care Ltd (ASX: RHC)
Also buying shares in their company last week was non-executive director Karen Penrose, who sits on the board of the ASX 300âs Ramsay Health Care.
Penrose indirectly purchased 822 securities in the healthcare services provider for $60.733 apiece on Friday. That represents a total spend of around $49,900.
She holds an interest in 3,245 Ramsay Health Care shares following the purchase.
AGL Energy Limited (ASX: AGL)
Finally, AGL director Mark Twidell has also forked out cash to invest in his companyâs stock.
He poured nearly $66,400 out to buy 7,500 shares in the ASX 300 energy provider for $8.85 apiece on Friday.
Twidell was one of four nominated by billionaire and major shareholder Mike Cannon-Brookes to join the companyâs board last year.
As we reported at the time, all four director nominations were elected. That was despite the AGL board recommending shareholders only appoint Twidell.
On the back of Fridayâs purchase, Twidell boasts interest in around 15,200 AGL shares.
The post 3 ASX 300 shares being bought up by insiders appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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