Insiders have been buying these ASX shares

Every Friday I like to look at which ASX shares have been experiencing insider buying. I think keeping tabs on insider buying is important because it is often seen 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:

Metcash Limited (ASX: MTS)

A change of director’s interest notice reveals non-executive chairman Robert Murray has picked up shares of the wholesale distributor through an on-market trade this week. Mr Murray bought 20,000 shares at an average of $2.7965 per share or a total consideration of $55,929.42. This lifted the non-exec chairman’s holding to a total of 84,005 shares. With its shares trading within sight of their 52-week low, it appears that Mr Murray sees a lot of value in them at this level.


According to a change of director’s interest notice, non-executive director Sharon Warburton has seized on recent share price weakness to pick up 7,000 shares through an on-market trade. Warburton paid an average price of $6.29 per share, equating to a total consideration of over $44,000. This lifted her holding in the data centre operator to a total of 39,202 shares. While it might be best to wait for the market to settle again, I do think the recent tech selloff could have created a buying opportunity with NEXTDC shares.

Star Entertainment Group Ltd (ASX: SGR)

A change of director’s interest notice reveals that non-executive director Richard Sheppard dipped into the market this week to buy 25,000 shares of the casino and resort operator through an on-market trade. Mr Sheppard paid a total of $137,578.13 or $5.50 per share. This purchase brought his total holding to 125,000 shares. I thought Star delivered a strong result in FY 2018 and could be worth a closer look.

Insiders ought to be buying these top 3 ASX Blue Chips if you ask me.

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.