Yahoo Finance Insider Buying: The Iluka Resources Limited (ASX:ILU) Independent Non-Executive Director Just Bought 61% More Shares
Even if it's not a huge purchase, we think it was good to see that Susan Corlett, the Independent Non-Executive Director of Iluka Resources Limited (ASX:ILU) recently shelled out AU$60k to buy stock, at AU$9.90 per share. While that isn't the hugest buy, it actually boosted their shareholding by 61%, which is good to see.
Check out our latest analysis for Iluka Resources
Iluka Resources Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director Andrea Sutton bought AU$216k worth of shares at a price of AU$9.83 per share. That means that an insider was happy to buy shares at around the current price of AU$10.20. 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 Iluka Resources share holders is that insiders were buying at near the current price.
Iluka Resources insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
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. Our data indicates that Iluka Resources insiders own about AU$9.7m worth of shares (which is 0.2% of the company). We do generally prefer see higher levels of insider ownership.
So What Do The Iluka Resources Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Iluka Resources insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Iluka Resources. While conducting our analysis, we found that Iluka Resources has 1 warning sign and it would be unwise to ignore this.
Of course Iluka Resources 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, but not derivative transactions.
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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.
