Australia markets closed
  • ALL ORDS

    7,361.90
    +37.00 (+0.51%)
     
  • AUD/USD

    0.7013
    -0.0014 (-0.20%)
     
  • ASX 200

    7,105.40
    +41.10 (+0.58%)
     
  • OIL

    88.24
    -1.17 (-1.31%)
     
  • GOLD

    1,790.80
    -7.30 (-0.41%)
     
  • BTC-AUD

    34,261.93
    -250.86 (-0.73%)
     
  • CMC Crypto 200

    569.83
    -20.93 (-3.54%)
     

Independent Non-Executive Director Shirley In’t Veld Just Bought 49% More Shares In Alumina Limited (ASX:AWC)

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Whilst it may not be a huge deal, we thought it was good to see that the Alumina Limited (ASX:AWC) Independent Non-Executive Director, Shirley In’t Veld, recently bought AU$77k worth of stock, for AU$1.53 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 49%.

Check out our latest analysis for Alumina

Alumina Insider Transactions Over The Last Year

Notably, that recent purchase by Shirley In’t Veld is the biggest insider purchase of Alumina shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of AU$1.45. 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 insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While Alumina insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

Alumina 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.

Does Alumina Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Alumina insiders own 0.5% of the company, worth about AU$20m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Alumina Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Alumina shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Alumina. For example, Alumina has 3 warning signs (and 2 which can't be ignored) 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting