UTI Asset Management Company Limited (NSE:UTIAMC) insiders made a handsome profit after selling stock presently valued at ₹736 apiece for ₹1,151

Even though UTI Asset Management Company Limited (NSE:UTIAMC) stock gained 6.2% last week, insiders who sold ₹7.7m worth of stock over the past year are probably better off. Selling at an average price of ₹1,151, which is higher than the current price, may have been the wisest decision for these insiders as their investment would have been worth less now than when they sold.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for UTI Asset Management

The Last 12 Months Of Insider Transactions At UTI Asset Management

While there weren’t any large insider transactions in the last twelve months, it’s still worth looking at the trading.

UTI Asset Management insiders did not buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NSEI:UTIAMC Insider Trading Volume August 6th 2022

I will like UTI Asset Management better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of UTI Asset Management

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivized to build the company for the long term. Our data isn’t picking up on much insider ownership at UTI Asset Management, although insiders do hold about ₹29m worth of shares. We might be missing something but that seems like very low insider ownership.

What Might The Insider Transactions At UTI Asset Management Tell Us?

It doesn’t really mean much that no insider has traded UTI Asset Management shares in the last quarter. Our analysis of UTI Asset Management insider transactions leaves us cautious. But we do like the fact that insiders own a fair chunk of the company. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing UTI Asset Management. Case in point: We’ve spotted 1 warning sign for UTI Asset Management you should be aware of.

But note: UTI Asset Management may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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, but not derivative transactions.

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 into account 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.

Leave a Reply

Your email address will not be published.

Back to top button
THE-NEWS-PAGE