Yahoo Finance Independent Chairman of the Board Ian Clyne Just Bought 18% More Shares In Geopacific Resources Limited (ASX:GPR)
Whilst it may not be a huge deal, we thought it was good to see that the Geopacific Resources Limited (ASX:GPR) Independent Chairman of the Board, Ian Clyne, recently bought AU$50k worth of stock, for AU$0.31 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 18%.
See our latest analysis for Geopacific Resources
Geopacific Resources Insider Transactions Over The Last Year
Notably, that recent purchase by Ian Clyne is the biggest insider purchase of Geopacific Resources shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$0.33. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. The good news for Geopacific Resources share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Ian Clyne.
Ian Clyne bought a total of 222.26k shares over the year at an average price of AU$0.38. The chart below shows insider transactions (by companies and individuals) over the last year. 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).
Insider Ownership of Geopacific Resources
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. Our data suggests Geopacific Resources insiders own 1.1% of the company, worth about AU$1.7m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Geopacific Resources Insiders?
It's certainly positive 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. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Geopacific Resources stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 4 warning signs for Geopacific Resources you should be aware of, and 3 of these are a bit concerning.
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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