Third Age Health Services Limited (NZSE:TAH) insider increased stake by -200% in prior year


Display of insider transactions for Third Age Health Services Limited (NZSE: TAH ) over the past year, we find that insiders were net buyers. This means that more shares were bought by insiders compared to shares sold.

While insider trading isn’t the most important thing when it comes to long-term investing, we think it makes perfect sense to keep tabs on what insiders are doing.

Check out our latest analysis for aging health services

Insider Trading in Aging Healthcare Services in the Past Year

In the past twelve months, the largest single insider purchase was when insider Timothy Livingstone bought NZ$2.3 million worth of shares at a price of NZ$2.75 per share . Clearly, an insider wanted to buy, even at a price above the current share price (i.e. NZ$2.50). Although their perspective has changed since the purchase, it at least suggests that they have confidence in the future of the company. We always take careful note of the price paid by insiders when buying stocks. Generally speaking, it catches our attention when an insider has bought stocks at prices higher than the current price, as it suggests that they thought the stock was worth buying, even at a higher price. The only individual insider to buy in the last year was Timothy Livingstone.

The chart below shows insider trading (by companies and individuals) over the past year. If you click on the chart, you can see all individual trades including stock price, individual and date!


Third Age Health Services isn’t the only stock insiders are buying. So take a look at this free list of growing companies with insider buying.

Senior Healthcare Insiders Recently Bought Stock

Over the past three months, we have seen significantly more insider buying than insider selling at Third Age Health Services. We can see that insider Timothy Livingstone paid NZ$2.3 million for shares in the company. But we saw founder and chairman of the board Bevan Walsh sell shares worth NZ$20,000. Buying outweighs selling, suggesting that insiders may believe the company will do well in the future.

Internal Ownership of Third Age Health Services

I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. I think it’s a good sign if insiders have a significant number of shares in the company. It’s great to see that Third Age Health Services insiders own 89% of the company, which is worth around NZ$22 million. Most shareholders would be happy to see this type of insider ownership, as it suggests that management’s incentives are well aligned with those of other shareholders.

So what does this data suggest about senior health service insiders?

Good to see the recent insider buying. And an analysis of last year’s transactions also gives us confidence. Once you factor in the strong insider ownership, it certainly seems like insiders are positive about aging healthcare services. One for the watchlist, at least! So these insider trades can help us build a thesis on the stock, but it’s also helpful to know the risks this company faces. To help you, we found 4 warning signs which you should browse to get a better picture of senior health services.

But note: Senior healthcare services may not be the best stocks to buy. So take a look at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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