Once a week I like to look at which ASX shares have been experiencing insider buying. This is because insider buying is often regarded as a bullish indicator as few should know a company, its prospects, and true value better than its own directors.
Three shares which have been experiencing meaningful insider buying recently are listed below:
Dicker Data Ltd (ASX: DDR)
According to a change of director's interest notice, chief operating officer, Vladimir Mitnovetski, more than doubled his existing shareholding by snapping up 199,099 shares through an on-market trade this week. Mr Mitnovetski paid $2.83 per share for a total consideration of approximately $563,000. Dicker Data has high levels of director ownership across its C-suite, which is something that I find very attractive.
Hansen Technologies Limited (ASX: HSN)
A change of director's interest notice reveals that non-executive director David Howell recently picked up 25,000 Hansen Technologies' shares for $74,162.80 through an on-market trade. Mr Howell appears to have seen a lot of value in the billing solutions company's shares after their significant decline following the release of a disappointing trading update. I think this was a good move by Mr Howell and believe the selloff was a touch overdone and left its shares trading at an attractive level.
WAM Global Limited (ASX: WGB)
According to a change of director's interest notice, chairman Geoff Wilson picked up 28.981 shares through an on-market trade last Friday. Mr Wilson paid approximately $2.18 per share for a total consideration of $63,317.58. This lifted his holding to a total of 2,528,982 shares. WAM Global recently hit the ASX boards at a listing price of $2.20 per share. Mr Wilson appears to have seized on post-listing share price weakness to top up his holding. While I like the look of WAM Global, I'm not overly bullish on the global economy right now due to trade war concerns.
