Yahoo Finance Wayne Osborn Is The Independent Non-Executive Director of South32 Limited (ASX:S32) And They Just Picked Up 39% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the South32 Limited (ASX:S32) Independent Non-Executive Director, Wayne Osborn, recently bought AU$100k worth of stock, for AU$2.07 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 39%.
View our latest analysis for South32
The Last 12 Months Of Insider Transactions At South32
In fact, the recent purchase by Wayne Osborn was the biggest purchase of South32 shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of AU$2.13. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the South32 insider decided to buy shares at close to current prices. Wayne Osborn was the only individual insider to buy during the last year.
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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. South32 insiders own about AU$29m worth of shares. That equates to 0.3% of the company. 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 South32 Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest South32 insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in South32, 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, 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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