Yahoo Finance My Food Bag Group Insiders Added NZ$1.61m Of Stock To Their Holdings
Multiple insiders secured a larger position in My Food Bag Group Limited (NZSE:MFB) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for My Food Bag Group
My Food Bag Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Director Cecilia Robinson bought NZ$875k worth of shares at a price of NZ$0.13 per share. Even though the purchase was made at a significantly lower price than the recent price (NZ$0.16), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
My Food Bag Group insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
My Food Bag Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Have My Food Bag Group Insiders Traded Recently?
Over the last three months, we've seen a bit of insider buying at My Food Bag Group. Independent Chair Antony Carter purchased NZ$15k worth of shares in that period. We like it when there are only buyers, and no sellers. However, in this case the amount invested recently is quite small.
Does My Food Bag Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 12% of My Food Bag Group shares, worth about NZ$4.6m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The My Food Bag Group Insider Transactions Indicate?
Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think My Food Bag Group insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 2 warning signs for My Food Bag Group (1 shouldn't be ignored!) and we strongly recommend you look at these before investing.
But note: My Food Bag Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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