Insiders have been buying these ASX shares

Here’s what insiders have been buying…

| More on:
A man in a business suit whose face isn't shown hands over two australian hundred dollar notes from a pile of notes in his other hand to an outstretched hand of another person.

Image source: Getty Images

This week I’ve been looking at which ASX shares have experienced meaningful insider buying. (You can read about the first two shares here.)

Listed below are two more ASX shares that have reported insider buying this month. Here’s what you need to know about these transactions:

Collins Foods Ltd (ASX: CKF)

A change of director’s interest notice reveals that this KFC-focused quick service restaurant operator’s new board member has been quick to buy shares. According to the notice, less than a week after joining the company on 23 December, independent non-executive director Mark Hawthorne picked up 3,000 shares through an on-market trade. He paid a total consideration of $39,899.44, which equates to an average of $13.30 per share.

Mr Hawthorne joined the company last week and brings more than 25 years of retail and franchising experience with him. He was most recently the CEO and Executive Director of Guzman y Gomez and has previously led McDonalds in a number of markets including the United Kingdom, New Zealand, and the Middle East and Africa.

G8 Education Ltd (ASX: GEM)

A number of directors have taken advantage of the underperformance in the G8 Education share price this year to add to their holdings. A total of three change of director’s interest notices have been filed this month since the release of the company’s trading update.

This includes the childcare operator’s managing director and CEO, David Foster. He picked up 13,866 shares for a total consideration of $14,831.07 on Christmas Eve. This increased the CEO’s holding to a total of 78,763 shares.

Also buying shares were independent non-executive directors Debra Singh and Toni Thornton. Singh bought 50,000 shares through an on-market trade the same day for $52,993.75, whereas Thornton picked up 23,150 shares for $25,002 on 29 December.

Judging by the purchases, these directors appear confident the company is heading in the right direction once again.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor James Mickleboro owns Collins Foods Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Collins Foods Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Broker looking at the share price on her laptop with green and red points in the background.
Share Market News

5 things to watch on the ASX 200 on Friday

The ASX 200 is expected to have a subdued finish to the week...

Read more »

Top 10 ASX shares today
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Thursday.

Read more »

A man in a business suit and tie places three wooden blocks with the numbers 1, 2 and 3 on them on top of each other on a table. representing the most traded ASX 200 shares by volume today
Share Market News

These 3 shares are topping the ASX 200 volume charts on Thursday

We take a look at the most traded ASX 200 shares by volume today.

Read more »

a man sitting at a computer at a desk has a look of anguish and trepidation on his face as he opens his eyes wide and made an aargh type expression with his mouth as his hair stands on end and his tie also stands on end with one part over each shoulder in what is supposed to be a humorous picture of something in a panic.
Cryptocurrencies

Un-stable coin? Terra crypto woes continue with another 31% fall

I'd think very carefully before going bargain hunting among stumbling altcoins.

Read more »

two computer geeks sit across from each other with their laptop computers touching as they look confused and confounded by what they are seeing on their screens.
Technology Shares

What’s happening with ASX 200 tech shares today?

Growth shares are more sensitive to interest rate hikes as they're often priced with distant future earnings in mind.

Read more »

Red line going down on an ASX market chart which symbolises a falling share price.
Share Market News

ASX 200 midday update: Aristocrat’s earnings beat, Webjet flops, retailers smashed

The ASX 200 is deep in the red on Thursday...

Read more »

a couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at the computer screen balanced on the lap of the man.
Share Market News

ASX 200 shares tumble following worst day on Wall Street in 2 years

Recession fears in the United States sparked a sharp selloff in equities.

Read more »

A nervous ASX shares investor holding her hands to her face fearing a global recession may occur
Share Market News

5 things to watch on the ASX 200 on Thursday

It looks set to be a bad day for the ASX 200 on Thursday...

Read more »