These ASX 200 shares are the most tightly held by individual insiders

Insiders are hoarding these 3 ASX 200 shares…
The post These ASX 200 shares are the most tightly held by individual insiders appeared first on The Motley Fool Australia. –

When looking at shares in the S&P/ASX 200 Index (ASX: XJO) the amount of insider ownership may not pop up as a consideration. Yet, a company’s share price can be influenced by how much insider support it has.

Firstly, insiders are directors, officers, and employees of the company. As such, these individuals are likely to have the most up-to-date understanding of how the company is performing. Likewise, while no one can tell the future, insiders usually have the clearest vision of it – after all, they are the ones making it happen.

Secondly, high insider ownership typically puts upwards pressure on a share price in the event of a good news catalyst. The reason being, there are fewer liquid shares available for investors to get a hold of.

Let’s take a look at the top 3 ASX 200 shares with insider ownership.

ASX 200 shares with the highest insider ownership

Platinum Asset Management Ltd (ASX: PTM)

Platinum Asset Management is an Australia-based investment manager that focuses on international shares. The company reported having $23.5 billion in funds under management (FUM) at the end of June.

The ASX 200 constituent suffered a selloff in its share price in the past month. This might have something to do with the $167 million of net outflows experienced by the fund during June.

However, the fund manager can boast insider ownership of above 50%. At the time of writing, 50.4% of shares on offer are held by individual insiders. Nearly all of these holdings are held by Andrew Clifford (CEO and co-founder), Kerr Neilson (founder), and Judith Neilson.

Pro Medicus Limited (ASX: PME)

The next company on the list is healthcare imaging software provider, Pro Medicus. Shares in this ASX 200 company have multiplied shareholders’ wealth many times over during the last 5 or so years.

Across the past 12 months, Pro Medicus has signed several high-value contracts with healthcare providers, the most recent being a $14 million 8-year deal with the University of Vermont. As a result, shares have continued to surge to all-time highs.

Attesting to the conviction of the founders, Sam Hupert and Anthony Hall still hold 52% of outstanding shares between the two of them. The total amount of insider ownership of this ASX 200 share comes in at 56.05%.  

Netwealth Group Ltd (ASX: NWL)

Finally, the company with the highest amount of insider ownership in our list is Netwealth. For those unfamiliar with it, Netwealth is a fintech company offering a platform for superannuation funds.

According to its latest quarterly update, the company’s funds under administration stood at $47.1 billion at the end of June. Impressively, this reflected a 12.7% increase from the previous quarter. Additionally, the result placed Netwealth as the sixth largest and fastest-growing platform provider by net inflows in Australia.

Having said that, it’s not hard to see why co-CEO Michael Heine has maintained a 55.56% ownership in this ASX 200 share. With the highest insider ownership in the index, Netwealth has 58.13% insider ownership.

The post These ASX 200 shares are the most tightly held by individual insiders appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Top brokers name 3 ASX shares to sell today

Pro Medicus (ASX:PME) share price soars to all-time high
Why Alkane, Carsales, Platinum, & Stockland shares are tumbling lower

Leading brokers name 3 ASX shares to sell today

How did the S&P/ASX All Technologies Index (XTX) perform in FY21?

Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Netwealth and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Netwealth and Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!