Yahoo Finance The Independent Non-Executive Chairman of Microequities Asset Management Group Limited (ASX:MAM), Leslie Szekely, Just Bought 1.2% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Microequities Asset Management Group Limited (ASX:MAM) Independent Non-Executive Chairman, Leslie Szekely, recently bought AU$105k worth of stock, for AU$0.45 per share. Although the purchase is not a big one, increasing their shareholding by only 1.2%, it can be interpreted as a good sign.
View our latest analysis for Microequities Asset Management Group
Microequities Asset Management Group Insider Transactions Over The Last Year
In fact, the recent purchase by Independent Non-Executive Chairman Leslie Szekely was not their only acquisition of Microequities Asset Management Group shares this year. They previously made an even bigger purchase of AU$218k worth of shares at a price of AU$0.54 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.46). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Leslie Szekely was the only individual insider to buy during the last year.
Leslie Szekely bought 630.00k shares over the last 12 months at an average price of AU$0.51. 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!
Microequities Asset Management Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Microequities Asset Management Group insiders own 74% of the company, currently worth about AU$44m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Microequities Asset Management Group Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Microequities Asset Management Group. That's what I like to see! 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. For example, Microequities Asset Management Group has 4 warning signs (and 1 which is a bit concerning) we think you should know about.
But note: Microequities Asset Management 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, 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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