Insider trading can often signal confidence in a company's future, and this week, several insiders in ASX All Ords companies increased their stakes.
Directors have bought shares of Schaffer Corporation Ltd (ASX: SFC), Super Retail Group Ltd (ASX: SUL), and Chalice Mining Ltd (ASX: CHN) this week.
Whether a director is picking up more shares in their family trust or making on-market trades, it's always worth paying attention to these moves.
Let's take a closer look at the insider buys for these ASX All Ords stocks.
Insiders buy ASX All Ords stocks
ASX small-cap Schaffer has had a good year on the chart. David Schwartz, a director of the company, has been increasing his indirect holding through his family trust.
On September 5th and 10th, 2024, Schwartz acquired 5,255 shares via on-market trades, valued at $112,982.
This brings his indirect holding to 700,589 shares.
Schaffer, which operates across various sectors, including automotive leather, building materials, and investments, has rallied this past year. It is up 27% year to date.
This kind of insider buying activity often suggests that the company's leaders are confident in its future performance.
Time will tell if Schwartz's commitments in the ASX All Ords stock will pay off.
Insiders gobbling up shares
Over at Super Retail Group, director Judith Swales has been busy increasing her indirect interest in the company.
This week, Swales acquired 2,667 shares valued at $45,618. Her total holding now stands at 12,792 shares.
Super Retail Group, the parent company of brands like Supercheap Auto, Rebel, and BCF, has shown steady performance this year.
The ASX All Ords stock is up 10% since January, and up more than 42% in the past twelve months.
Morgans rates the share a buy and has a price target of $19.79 apiece on the stock.
With the company currently trading at $17.41 per share, Morgans expects it to pay dividends of 97 cents per share in FY25, making it an ASX All Ords stock income investors may want to keep on their radar.
CEO increases stake
Chalice Mining's CEO, Alexander Dorsch, has also made some insider buys in this company this week, with 50,000 shares added to his superannuation account through Australian Super Pty Ltd.
This on-market purchase was valued at $49,052.
Chalice Mining's Gonneville Project, which contains significant platinum group elements, nickel, copper, and cobalt, is considered one of the largest recent discoveries in Australia.
Bell Potter is bullish on the stock, rating it a buy with a $5.15 price target. Chalice's shares are currently trading at $1.19 apiece.
CEO Dorsch's purchase of shares may or may not be a reflection of this optimism.
ASX All Ords stocks takeaway
Insider buying is often seen as a positive signal by investors, as it shows those in the know have confidence in the company's prospects.
While it's not a foolproof strategy, it can offer clues about where the company might be heading. These ASX All Ords stocks might be worth a watch on that basis.
