Welcome back to the Insider Trades Series, where we provide a weekly overview of ASX 200 director transactions exceeding $10,000. The following trades were executed between 17 and 24 April 2025, with directors having a maximum of five business days to declare their trades to the ASX.
Transaction activity has remained muted for the second week in a row, likely a reflection of the prevailing uncertainty surrounding Donald Trump’s tariff policies and ongoing trade negotiations.
Notable ASX 200 Insider Trades
|
Code |
Company |
Date |
Director |
Type |
Price |
Value |
|---|---|---|---|---|---|---|
|
VCX |
Vicinity Centres |
23/04/25 |
Peter Huddle |
Sell |
$2.29 |
$1,430,347 |
|
DRR |
Deterra Royalties |
22/04/25 |
Leanne Heywood |
Buy |
$3.50 |
$22,722 |
|
PPT |
Perpetual Ltd |
22/04/25 |
Philip Wagstaff |
Buy |
$15.40 |
$41,118 |
|
GQG |
GQG Partners |
17/04/25 |
Rajiv Jain |
Buy |
$2.03 |
$154,945 |
|
PPT |
Perpetual Ltd |
17/04/25 |
Paul Ruiz |
Buy |
$15.70 |
$54,821 |
Key Insights
Vicinity Centres’ CEO Reduces Holdings: Peter Huddle, the CEO of Vicinity Centres, sold about a third of his shares to address tax liabilities arising from vested performance rights and restrictions. The company’s stock has shown resilience in 2025, climbing 11% year-to-date, in contrast to an overall 2% decline in the S&P/ASX 200 and a 5% downturn in the S&P/ASX 200 Real Estate Index. A report from Macquarie dated February 20 indicated earnings were 2% above their estimates and 9% higher than the consensus forecast. However, Vicinity only reiterated its full-year guidance of 14.5 to 14.8 cents per share, aligning with Macquarie’s estimate of 14.8 cents. Analysts hold a Neutral rating with a target price of $2.11, acknowledging the company’s stable cash flows and prudent capital management, but also noting limited growth potential due to a 3% discount to net tangible assets (NTA).
Perpetual Experiences Insider Purchasing Amid Challenges: Seven distinct insiders from Perpetual have invested $769,785 in the company’s shares across 13 individual trades this year, with a weighted average purchase price of $19.11, reflecting a 16% decline from current market levels. The company’s stock has plummeted 20% year-to-date and 33% in the last 12 months, primarily due to disappointing earnings, fund withdrawals, and the failed sale of its Corporate Trust and Wealth Management divisions to KKR. A 9% drop on April 16 was attributed to a Q3 Funds Under Management (FUM) update revealing $8.9 billion in outflows driven by client rebalancing and poor-performing strategies. Despite the insider purchasing, Perpetual continues to confront operational hurdles and a challenging economic environment.
GQG Partners’ Rajiv Jain Boosts Share Holdings: Rajiv Jain, founder and Chief Investment Officer of GQG Partners, has been active in acquiring shares, registering 31 transactions in 2025 for a total of $6.97 million, at an average price of $2.15, marking a 3% increase from the current trading value of $2.22.
This summary captures key transactions and insights surrounding the ASX 200 director trades, highlighting ongoing market conditions and individual company performances.
