Yahoo Finance Insider Buying: John Gaffney Just Spent AU$123k On Ragnar Metals Limited (ASX:RAG) Shares
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Whilst it may not be a huge deal, we thought it was good to see that John Gaffney, who is a company insider, recently bought AU$123k worth of stock, for AU$0.006 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for Ragnar Metals
Ragnar Metals Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Jason Peterson bought AU$190k worth of shares at a price of AU$0.0072 per share. That implies that an insider found the current price of AU$0.008 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices. Notably Jason Peterson was also the biggest seller.
Happily, we note that in the last year insiders paid AU$313k for 47.12m shares. On the other hand they divested 23.15m shares, for AU$169k. In the last twelve months there was more buying than selling by Ragnar Metals insiders. 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!
Ragnar Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Ragnar Metals Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 33% of Ragnar Metals shares, worth about AU$945k. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Ragnar Metals Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Ragnar Metals 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 Ragnar Metals. For example, Ragnar Metals has 4 warning signs (and 3 which are a bit unpleasant) we think you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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