Yahoo Finance Gary Miller Is The Director of Benjamin Hornigold Limited (ASX:BHD) And They Just Picked Up 594% More Shares
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Potential Benjamin Hornigold Limited (ASX:BHD) shareholders may wish to note that the Director, Gary Miller, recently bought AU$185k worth of stock, paying AU$0.20 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 594%, potentially signalling some real optimism.
See our latest analysis for Benjamin Hornigold
The Last 12 Months Of Insider Transactions At Benjamin Hornigold
In fact, the recent purchase by Gary Miller was the biggest purchase of Benjamin Hornigold shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.20 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Benjamin Hornigold share holders is that insiders were buying at near the current price.
While Benjamin Hornigold insiders bought shares during the last year, they didn't sell. 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!
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 Benjamin Hornigold
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 11% of Benjamin Hornigold shares, worth about AU$531k, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Benjamin Hornigold Insiders?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. 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 Benjamin Hornigold stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Benjamin Hornigold.
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.
This article by Simply Wall St is general in nature. 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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