Insiders are buying Qantas and these ASX 200 shares

Insiders appear to see value in these shares.

| More on:
Person handing out $100 notes, symbolising ex-dividend date.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It can be useful for investors to keep an eye on which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its directors. If they are buying, it could be a sign that they are confident in the direction the company is heading and see value in its shares.

With that in mind, listed below are a few ASX 200 shares that have reported insider buying recently. They are as follows:

Qantas Airways Limited (ASX: QAN)

The first ASX 200 share to report meaningful insider buying is Qantas. According to a change of director's interest notice, one of the airline operator's non-executive directors was buying shares last week.

The release reveals that Dr Heather Joy Smith picked up her first shares since joining the company last year. Dr Smith bought 10,000 shares through an on-market trade on 18 April.

The director paid an average of $5.7299 per share, which equates to a total consideration of $57,299.

Reece Ltd (ASX: REH)

A change of director's interest notice reveals that non-executive director Karen Penrose has been buying this plumbing parts company's shares.

Penrose picked up 1,110 shares through an on-market trade on 16 April. The director paid an average of $26.90 per share, which represents a total consideration of $29,859.

This purchase lifts Penrose's holding in the company to a total of 5,884 shares.

Tabcorp Holdings Ltd (ASX: TAH)

Another ASX 200 share that has reported meaningful insider buying is gambling company Tabcorp.

A change of director's interest notice reveals that non-executive director, Raelene Murphy, bought a total of 65,000 Tabcorp shares through an on-market trade on 16 April.

The release reveals that Murphy paid an average of 72.5 cents per share. This represents a total consideration of $47,125.

Following the purchase, the non-executive director has seen their holding in the company increase to 195,000 units.

Washington H Soul Pattinson & Company Ltd (ASX: SOL)

Another change of director's interest shows that one of this investment house's directors made a very large investment in its shares last week.

The notice reveals that the company's non-executive director, Josephine Sukkar AM, bought 15,034 units of this ASX 200 share for a total consideration of $500,782.54 on 18 April. This equates to an average purchase price of $33.31 per share.

Sukkar's holding has now lifted to 16,607 Soul Patts shares following last week's purchase.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A graphic image of the world globe surrounded by tech images is superimposed on the setting of an office where three businesspeople are speaking together while standing.
Share Market News

Here's how the ASX 200 market sectors stacked up last week

ASX technology shares led the market with a 2.8% gain this week.

Read more »

A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

Woman in a hammock relaxing, symbolising passive income.
Dividend Investing

Hoping to retire? I'd buy these ASX 200 dividend shares for passive income

I think these ASX 200 dividend stocks will continue to reward passive income investors for years to come.

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX 300 shares could rise 35% to 65%

Analysts are tipping these shares to rise strongly from current levels. How high could they go?

Read more »

a man in a high visibility vest and hard hat holds a thumbs up at a mine site with heavy equipment in the background.
Broker Notes

What are brokers saying about BHP shares following the miner's quarterly results?

Analysts have crunched the numbers.

Read more »

A young girls clings in fright to a big red slide.
Share Market News

Here are the top 10 ASX 200 shares today

Investors were hitting the sell button hard today...

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Share Fallers

ASX 200 insider buys up another $2,000,000 in company stock following Wednesday's 15% crash

This director took Buffett's advice to heart this week.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »