Yahoo Finance Graham Bradley Is The Independent Non-Executive Chairman of the Board of United Malt Group Limited (ASX:UMG) And They Just Picked Up 55% More Shares
Potential United Malt Group Limited (ASX:UMG) shareholders may wish to note that the Independent Non-Executive Chairman of the Board, Graham Bradley, recently bought AU$225k worth of stock, paying AU$2.99 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 55%, potentially signalling some real optimism.
Check out our latest analysis for United Malt Group
United Malt Group Insider Transactions Over The Last Year
In fact, the recent purchase by Graham Bradley was the biggest purchase of United Malt Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is AU$3.18. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for United Malt Group share holders is that insiders were buying at near the current price.
In the last twelve months United Malt Group insiders were buying shares, but not selling. The average buy price was around AU$3.30. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
United Malt Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own AU$6.4m worth of United Malt Group stock, about 0.7% of the company. I generally like to see higher levels of ownership.
So What Does This Data Suggest About United Malt Group Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that United Malt Group insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for United Malt Group you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
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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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