Whenever an S&P/ASX All Ordinaries Index (ASX: XAO) share has its insiders or management team buying up shares, investors usually sit up and pay attention.
As the old saying goes, 'money talks'. And there is arguably no vote of confidence more encouraging in an insider's own company than seeing said insider using their own money to buy shares.
So today, let's discuss a few ASX All Ords shares that have experienced this very thing over the past week or so.
4 ASX All Ords shares that have seen insider buying
Healius Ltd (ASX: HLS)
First up is ASX All Ords healthcare stock Healius. We have not one, but two directors of Healius buying up shares in recent days. An ASX filing from 4 December shows that a Mrs. Sally Stanford, presumably the wife of Healius non-executive director Dr. Michael Stanford, has initiated a position in the company. Mrs. Stanford previously held no shares of Healius.
But the filing shows that she picked up 32,468 shares on 1 December in an on-market trade, averaging $1.535 per share. That would have set her back by approximately $49,838.
But we also had a trade executed by Dr. Stanford's fellow non-executive director and interim chair, Kathryn McKenzie. On 4 December, McKenzie more than doubled her stake in Healius, acquiring 53,000 ordinary shares at an average price of $1.52 (worth $80,560). That brings her total shareholding to just over 90,000 shares.
CSR Ltd (ASX: CSR)
ASX All Ords building products share CSR is next. CSR has recently seen non-executive director Christy Boyce acquire an additional 10,000 CSR shares indirectly, doubling the stake in a family trust she is a beneficiary of to 20,000 shares.
Boyce acquired these shares on 30 November, paying $5.85 each for them on average. That would have set her back $58,500.
Accent Group Ltd (ASX: AX1)
Then we have footwear retailer Accent Group to discuss. An ASX filing from 1 December shows new independent non-executive director Anne Loveridge initiated a position in Accent Group, buying up 30,000 shares in the company on 30 November.
Loveridge paid an average of $1.741 per share for this on-market purchase, totalling $52,230.
Karoon Energy Ltd (ASX: KAR)
Botten bought the shares on 1 December indirectly for a trust he has an interest in. He paid an average of $2.04 per share, implying a total spend of $102,000. Perhaps Botten is taking advantage of Karoon's recent share price slump.