ALD.L Share News (ALD)

(ShareCast News) - Aldemore chairman Glyn Jones went bottom-fishing in shares of his company, picking up £118,883.00-worth of stock on 30 June, the company said in a statement.Shares in the 'challenger' bank had been mauled in the aftermath of the Brexit vote.Jones bought 100,000 shares at 118,88p each, taking his total stake in the lender which is heavily-exposed to the UK residential markets to 881,468 shares or 0.26% of its shareholders´ equity.In its first quarter update, Aldermore announced business finance orignation was up by 18% to £272m, while mortgage origination rocketed 60% to £542m in the run-up to the increase in stamp duty on 1 April"We have made an excellent start to the year with our best ever quarter of origination as we delivered double digit growth in new lending in both our Business Finance and Mortgages divisions," Philip Monks said.On 30 June, analysts at Barclays increased their estimate for the bank´s cost of equity from 11.5% to 15.0% and lowered their target price on the shares from 235p to 120p, while reiterating their 'equalweight' recommendation on the stock.Top Director BuysAldermore Group (ALD)Director name: Jones,Glyn Amount purchased: 100,000 @ 118.88pValue: £118,883.00Hunting (HTG)Director name: Hunting,RichardAmount purchased: 3,277 @ 476.00pValue: £15,598.52Vianet Group (VNET)Director name: Dickson,JamesAmount purchased: 5,000 @ 95.00pValue: £4,750.00Jpmorgan American Inv Trust (JAM)Director name: Bragg,Simon Amount purchased: 409 @ 309.14pValue: £1,264.38Wolf Minerals Limited (WLFE)Director name: Royston Clarke,Nicholas Amount purchased: 44,743 @ n/aValue: n/aWolf Minerals Limited (WLFE)Director name: Hopkins,John Amount purchased: 89,485 @ n/aValue: n/aTop Director SellsEco Animal Health Group (EAH)Director name: Stockdale,KevinAmount purchased: 362,600 @ 418.50pValue: £1,517,480.98Eco Animal Health Group (EAH)Director name: Trouse,JuliaAmount purchased: 125,000 @ 418.50pValue: £523,124.99Ab Dynamics (ABDP)Director name: Rogers,Timothy (Tim) John Amount purchased: 34,748 @ 395.00pValue: £137,254.60Goals Soccer Centres (GOAL)Director name: Rogers,KeithAmount purchased: 45,000 @ 112.00pValue: £50,400.00Goals Soccer Centres (GOAL)Director name: Rogers,KeithAmount purchased: 25,000 @ 115.00pValue: £28,750.00