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 All Ords shares that have reported insider buying recently. They are as follows:
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AUB Group Ltd (ASX: AUB)
An insider has been buying this insurance broker's shares in recent sessions. According to a change of director's interests notice, Melanie Laing picked up 1,714 shares through an on-market trade on 31 May. Laing paid a total consideration of $49,980.65, which equates to an average of $29.16 per share.
Boss Energy Ltd (ASX: BOE)
This uranium producer has reported some meaningful insider buying. Its non-executive director, Jan Honeyman, bought 21,739 shares through an on-market trade on 30 May. Ms Honeyman paid an average of $4.60 per share, which equates to a total consideration of $99,999.40. This almost doubled the director's stake in the company.
Eagers Automotive Ltd (ASX: APE)
This auto retailer's director, Nick Politis, has been making large investments in its shares in recent months. This continued last week on 30 May when Politis snapped up a further 100,000 shares in the ASX All Ords share for an average of $10.11 per share. This equates to a total consideration of just over $1 million. A day earlier, fellow director David Blackhall bought 45,000 shares through an on-market trade.
Lendlease Group (ASX: LLC)
The CEO of this beaten-down property development company has been buying shares. A notice shows that Anthony Lombardo snapped up 15,000 shares through an on-market trade on 30 May. He paid an average of $6.0196 per share, which represents a total consideration of approximately $90,000.
Peter Warren Automotive Holdings Ltd (ASX: PWR)
Another beaten-down ASX All Ords share that has reported insider buying is Peter Warren Automotive. Its executive director Paul Warren made a series of trades between 28 May and 30 May. This saw him snap up a total of 541,000 shares for a total consideration in the region of $1 million.
Smartgroup Corporation Ltd (ASX: SIQ)
This salary packaging and fleet management company's non-executive director, Ian Watt, has been buying its shares. Watt bought 10,000 shares through an on-market trade on 30 May for a total consideration of $79,900. This represents an average price of $7.99 per share.
