Yahoo Finance ASA Gold and Precious Metals Insiders Added US$1.29m Of Stock To Their Holdings
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in ASA Gold and Precious Metals Limited's (NYSE:ASA) case, it's fantastic news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for ASA Gold and Precious Metals
The Last 12 Months Of Insider Transactions At ASA Gold and Precious Metals
In the last twelve months, the biggest single purchase by an insider was when Chief Operating Officer Alexander Merk bought US$388k worth of shares at a price of US$15.19 per share. Even though the purchase was made at a significantly lower price than the recent price (US$18.50), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
ASA Gold and Precious Metals insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
ASA Gold and Precious Metals is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does ASA Gold and Precious Metals Boast High Insider Ownership?
Many investors like to check how much of a company is owned by 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. Based on our data, ASA Gold and Precious Metals insiders have about 0.8% of the stock, worth approximately US$2.7m. We consider this fairly low insider ownership.
So What Does This Data Suggest About ASA Gold and Precious Metals Insiders?
It doesn't really mean much that no insider has traded ASA Gold and Precious Metals shares in the last quarter. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more ASA Gold and Precious Metals stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for ASA Gold and Precious Metals you should be aware of, and 1 of them can't be ignored.
But note: ASA Gold and Precious Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 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.
