Insiders at Select Harvests May Regret Not Investing More as Stock Rises 17%

Insider Transactions: Insiders of Select Harvests Limited (ASX:SHV) saw a significant increase in their investment value, with a 17% stock gain leading to a market value rise of AU$101 million over the past year. Notably, Non-Executive Director Michelle Somerville made the largest insider purchase of AU$90k at AU$4.51 per share.

Insider Ownership: Insiders currently hold about 0.8% of Select Harvests stock, valued at approximately AU$5.9 million. While insider transactions have been positive, the low level of insider ownership raises some concerns about alignment with shareholder interests.

Market Sentiment: Despite no insider sales in the last quarter, the recent purchases indicate a level of optimism among insiders regarding the company's prospects. However, the article suggests that higher insider ownership would provide more confidence in their commitment to the company's growth.

Investment Caution: The article emphasizes that while insider buying can be a positive sign, it does not constitute a recommendation to buy or sell stocks, and investors should consider their own financial situations and objectives before making investment decisions.