Yahoo Finance Independent Non-Executive Chairman of the Board Graham Bradley Just Bought 17% More Shares In United Malt Group Limited (ASX:UMG)
Whilst it may not be a huge deal, we thought it was good to see that the United Malt Group Limited (ASX:UMG) Independent Non-Executive Chairman of the Board, Graham Bradley, recently bought AU$83k worth of stock, for AU$4.13 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 17%.
View our latest analysis for United Malt Group
The Last 12 Months Of Insider Transactions At United Malt Group
Notably, that recent purchase by Graham Bradley is the biggest insider purchase of United Malt Group shares that we've seen in the last year. That implies that an insider found the current price of AU$4.16 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the United Malt Group insiders decided to buy shares at close to current prices.
In the last twelve months United Malt Group insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
United Malt Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does United Malt Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that United Malt Group insiders own about AU$8.2m worth of shares (which is 0.7% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The United Malt Group Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that United Malt Group insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of United Malt Group.
But note: United Malt Group 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, 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.
