Yahoo Finance Bullish insiders bet US$1.1m on Babcock & Wilcox Enterprises, Inc. (NYSE:BW)
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Babcock & Wilcox Enterprises, Inc. (NYSE:BW), that sends out a positive message to the company's 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 Babcock & Wilcox Enterprises
The Last 12 Months Of Insider Transactions At Babcock & Wilcox Enterprises
The Executive VP Louis Salamone made the biggest insider purchase in the last 12 months. That single transaction was for US$199k worth of shares at a price of US$4.62 each. We do like to see buying, but this purchase was made at well below the current price of US$6.02. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Babcock & Wilcox Enterprises insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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.
Babcock & Wilcox Enterprises Insiders Bought Stock Recently
Over the last quarter, Babcock & Wilcox Enterprises insiders have spent a meaningful amount on shares. Overall, five insiders shelled out US$209k for shares in the company -- and none sold. This makes one think the business has some good points.
Does Babcock & Wilcox Enterprises 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. Insiders own 3.8% of Babcock & Wilcox Enterprises shares, worth about US$21m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Babcock & Wilcox Enterprises Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Babcock & Wilcox Enterprises we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Babcock & Wilcox Enterprises. For example - Babcock & Wilcox Enterprises has 2 warning signs we think you should be aware of.
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.
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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.
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