Yahoo Finance AMA Group Independent Non-Executive Director Acquires 81% More Stock
AMA Group Limited ( ASX:AMA ) shareholders (or potential shareholders) will be happy to see that the Independent Non-Executive Director, Simon Moore, recently bought a whopping AU$2.0m worth of stock, at a price of AU$0.075. That purchase boosted their holding by 81%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.
Check out our latest analysis for AMA Group
AMA Group Insider Transactions Over The Last Year
Over the last year, we can see that insiders have bought 189.46m shares worth AU$16m. But they sold 52.01m shares for AU$3.1m. Overall, AMA Group insiders were net buyers during the last year. The average buy price was around AU$0.085. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of AMA Group
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that AMA Group insiders own about AU$11m worth of shares (which is 8.6% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At AMA Group Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of AMA Group we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that AMA Group is showing 3 warning signs in our investment analysis , and 2 of those don't sit too well with us...
Of course AMA Group may not be the best stock to buy . So you may wish to see this free collection of high quality 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 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.
