Yahoo Finance Pleasing Signs As A Number Of Insiders Buy Ironveld Stock
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Ironveld Plc's (LON:IRON) instance, it's good news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Ironveld
Ironveld Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Non-Executive Director John Wardle for UK£157k worth of shares, at about UK£0.0031 per share. That means that an insider was happy to buy shares at above the current price of UK£0.0031. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 55.13m shares for UK£177k. On the other hand they divested 5.13m shares, for UK£20k. In total, Ironveld insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Ironveld Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 24% of Ironveld shares, worth about UK£2.6m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Ironveld Insiders?
It doesn't really mean much that no insider has traded Ironveld shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Ironveld and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ironveld. For example, Ironveld has 5 warning signs (and 4 which are potentially serious) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
