Yahoo Finance Insider Spends US$669k Buying More Shares In Malibu Boats
Malibu Boats, Inc. (NASDAQ:MBUU) shareholders (or potential shareholders) will be happy to see that the Independent Director, Mark Lanigan, recently bought a whopping US$669k worth of stock, at a price of US$33.43. Not only is that a big swing, but it increased their holding size by 37%, which is definitely great to see.
Check out our latest analysis for Malibu Boats
Malibu Boats Insider Transactions Over The Last Year
In fact, the recent purchase by Mark Lanigan was the biggest purchase of Malibu Boats 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 US$35.61 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid US$1.2m for 32.50k shares. On the other hand they divested 13.99k shares, for US$617k. Overall, Malibu Boats insiders were net buyers during the last year. The average buy price was around US$37.04. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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).
Does Malibu Boats 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Malibu Boats insiders own about US$7.9m worth of shares (which is 1.1% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Malibu Boats Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Malibu Boats insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in Malibu Boats, you should check out this free report on analyst forecasts for the company.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
