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The latest announcement is out from Bapcor Ltd ( (AU:BAP) ).
Bapcor director Lachlan Edwards has increased his indirect shareholding in the company, with the Edwards Family Super Fund purchasing 88,700 fully paid ordinary shares on-market at $0.62 per share. The acquisition lifts the fund’s holding to 280,997 Bapcor shares, signalling a higher personal financial exposure by the director and a vote of confidence in the company’s prospects from within its board.
The shares are held via a custodian nominee structure for the Edwards Family Super Fund, over which Mr Edwards is the practical controller and a beneficiary. No related contracts were disclosed, and the trades did not occur during a closed period, indicating the transaction was a routine on-market purchase under normal trading conditions.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$0.63 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.
More about Bapcor Ltd
Bapcor Limited is an automotive aftermarket parts and services provider, supplying replacement parts, accessories, equipment and related solutions across Australia and New Zealand. The company serves trade, retail and specialist customers through a portfolio of brands and distribution channels focused on vehicle maintenance and repair.
Average Trading Volume: 6,306,378
Technical Sentiment Signal: Sell
Current Market Cap: A$410.4M
Learn more about BAP stock on TipRanks’ Stock Analysis page.