Last month, we shared some insiders who had increased their holdings by significant percentages.
In May 2021’s report, we covered Clarkson PLC, Rothschild & Co SCA, Schaltbau Holding AG and XXL ASA. In this edition, we have companies from the USA, France and the jewelry industry.
Why should you track insider holding percentages?
Analyzing this activity provides investors additional context into an insider’s investment decision.
For example, imagine three different insiders have each spent $250,000 on company stock but one increased their holding by 25%, another by 62% and the third by 243%. The 243% looks to be the more bullish signal.
Here are three examples where insiders increased their holdings by sizable percentages.
Dollar Tree Inc (DLTR:US)
American retailer Dollar Tree Inc (DLTR:US) saw Lead Independent Director Gregory Bridgeford buy 5,100 DLTR shares at $99.02 per share. The insider spent just over $500,000 on his purchase.
This increased Bridgeford’s holding by around 640% - a massive percentage. Gregory Bridgeford has more than 30 years’ experience and previously worked in senior executive positions for retail giants like Lowe’s.
More analysis on Gregory Bridgeford’s purchase is available in our insider buying report here.
Dassault Systemes SA (DSY:FP)
Over to France now for a case of insider buying at French software solutions company Dassault Systemes SA (DSY:FP).
In late May 2021, board member Catherine Dassault bought 10,638 Dassault shares at €187.65 per share. The purchase cost the insider around €2 million. We believe this purchase is worth highlighting for several reasons.
Firstly, our data shows that this is the largest stock purchase the company has seen in almost a year. Secondly, this purchase increased Dassault's holding nearly four times over.
Signet Jewelers Ltd (SIG:US)
Lastly, we have Signet Jewelers, a jewelry store chain operating nearly 3,000 stores in the USA, UK and Canada under a variety of brands. Famous jewelry brand Zales is part of the Signet group.
Board member Andre Branch recently bought 2,700 SIG shares for $73.58 per share. This purchase cost him just under $200,000, the second-largest stock purchase Signet has seen in over four years.
The investment increased Branch's company holding by 370% and this significant increase suggests that this insider is confident about the stock’s future.
Watch the holdings
While these insiders have all spent different sums of money on stock, the common thread is the significant increase in their holdings.
Follow the 2iQ blog for more monthly round-up reports like this one.