It's been a good year for S&P/ASX 200 Index (ASX: XJO) coal share New Hope Corporation Limited (ASX: NHC).
Right now, the New Hope share price is $6.27. That's up from just $2.32 this time last year – marking a 170.25% gain over the last 12 months. For comparison, the ASX 200 has slumped 3.8% in that same period.
New Hope also came in as the ASX 200's second-best performing share of 2022, behind industry peer Whitehaven Coal Ltd (ASX: WHC).
And there might be more gains in the coal producer's future if recent insider buying is anything to go by. Let's take a closer look at the director bolstering their stake in the company this month.
Image source: Getty Images
The director buying their ASX 200 coal company's shares
Insider buying is generally thought to be a sign those in the know expect a stock to grow in the future.
Thus, fans of ASX 200 coal shares might be excited to learn of a near $59,000 purchase of New Hope stock by the company's non-executive director Jacqueline McGill.
McGill forked out to buy more than 10,000 new securities in the company, paying $5.88 apiece on Friday. That leaves the director with 60,000 New Hope shares.
It's the second time in 12 months McGill has topped up her investment. She bought 20,000 shares on-market in June 2022, paying an average of $3.655 apiece.
That buy has already seen the insider realise a whopping 70% return on investment (ROI), before considering dividends.
New Hope offered two ordinary dividends – worth a combined 48 cents per share – and two special dividends – totalling 38 cents per share – last year.
That leaves the ASX 200 coal share trading with a 7.7% trailing dividend yield at the time of writing.
