Insiders have been buying SEEK and these ASX shares

SEEK Limited (ASX:SEK) shares are one of four that have experienced material insider buying recently…

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Every so often I like to look at which shares have experienced meaningful insider buying.

This is because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors.

A good number of shares have reported meaningful insider buying this week after trading windows reopened following the conclusion of earnings season. Here are a few that caught my eye:

Corporate Travel Management Ltd (ASX: CTD)

The chairman of this embattled corporate travel specialist, Ewen Crouch, appears confident on the company's outlook given his sizeable purchase of shares. Mr Crouch doubled his holding by picking up 5,000 shares through an on-market trade on August 29. The chairman paid a total of $91,402.63 for the shares, which equates to an average of $18.28 per share.

Speedcast International Ltd (ASX: SDA)

A couple of insiders of this global satellite communications provider have taken advantage of a significant share price decline to pick up shares. Chairman Stephe Wilks picked up 100,000 shares at 80 cents per share on September 2 and independent non-executive director Michael Malone bought 85,000 shares for an average of $1.1746 per share on September.

SEEK Limited (ASX: SEK)

One of this job listings company's non-executive directors has been buying shares on-market recently. A change of director's interest notice reveals that Leigh Jasper has picked up a total of 7,380 shares through a series of on-market trades between August 23 and August 27. Mr Jasper paid a total of approximately ~$150,000 for the shares.

Vocus Group Ltd (ASX: VOC)

The non-executive chairman of this telco company, Robert (Bob) Mansfield AO, picked up 47,000 Vocus shares through an on-market trade on September 3 for a total consideration of $150,262.27. This works out to be an average of $3.20 per share, which is almost 35% lower than its 52-week high.

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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