Yahoo Finance Auctus Investment Group MD & Director Acquires 14% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the Auctus Investment Group Limited (ASX:AVC) MD & Director, Campbell McComb, recently bought AU$89k worth of stock, for AU$0.68 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 14%.
View our latest analysis for Auctus Investment Group
Auctus Investment Group Insider Transactions Over The Last Year
In fact, the recent purchase by MD & Director Campbell McComb was not their only acquisition of Auctus Investment Group shares this year. They previously made an even bigger purchase of AU$136k worth of shares at a price of AU$0.70 per share. That means that an insider was happy to buy shares at above the current price of AU$0.55. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Campbell McComb.
Campbell McComb bought 334.00k shares over the last 12 months at an average price of AU$0.70. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Auctus Investment Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Auctus Investment Group insiders own 11% of the company, worth about AU$4.7m. But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Auctus Investment Group Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Auctus Investment Group stock. 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 Auctus Investment Group is showing 3 warning signs in our investment analysis, and 1 of those is a bit unpleasant...
But note: Auctus Investment 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.
