Insiders have been buying these ASX 300 shares this week

It can be useful for investors to keep an eye on which ASX 300 shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors.

If they are buying, it suggests that they are confident in the direction the company is heading. After all, if they thought things were going badly, they wouldn’t be buying.

With that in mind, listed below are a couple of ASX 300 shares that have reported meaningful insider buying recently. They are as follows:

Dicker Data Ltd (ASX: DDR)

This wholesale distributor has reported more insider buying this week.

According to a change of director’s interest notice, the company’s chief operating officer Vladimir Mitnovetski has been topping up his holding. He bought 5,000 shares through an on-market trade on 11 March for an average of $10.70 per share. This equates to a total consideration of $53,500.

Another notice reveals that its director Ian Welch snapped up 7,000 shares on the same day for a total consideration of $76,550. This equates to an average price of $10.94 per share.

The Dicker Data share price is currently trading at $10.98.

Evolution Mining Ltd (ASX: EVN)

Another ASX 300 share that has reported some insider buying is gold miner Evolution Mining.

A change of director’s interest notice reveals that its non-executive director Jason Attew bought 10,935 shares through an on-market trade on 11 March.

Attew paid an average of $3.30 per share for this parcel of shares, which equates to a total consideration of $36,085.50.

Investors can buy in at a similar price today. In afternoon trade, the Evolution Mining share price is trading at $3.38.

The post Insiders have been buying these ASX 300 shares this week appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Wednesday
• $200 million sell-down among ASX 300 insider sales and purchases over past week
• 5 things to watch on the ASX 200 on Tuesday
• 5 things to watch on the ASX 200 on Friday
• Why Life360, Evolution Mining, Magnetic Mining, and Zip shares are rising today

Motley Fool contributor James Mickleboro 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.

from The Motley Fool Australia https://ift.tt/iBxMkgb