Insider Spends AU$126k Buying More Shares In MA Financial Group
Whilst it may not be a huge deal, we thought it was good to see that the MA Financial Group Limited (ASX:MAF) Independent Non-Executive Director, Simon Columb Kelly, recently bought AU$126k worth of stock, for AU$5.03 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 20%.
The Last 12 Months Of Insider Transactions At MA Financial Group
Over the last year, we can see that the biggest insider sale was by the Co-Founder & Group Executive Vice Chairman, Andrew Pridham, for AU$4.7m worth of shares, at about AU$7.62 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is AU$4.92. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 72.36k shares worth AU$440k. But insiders sold 1.42m shares worth AU$10m. Over the last year we saw more insider selling of MA Financial Group shares, than buying. The sellers received a price of around AU$7.06, on average. It is certainly not great to see that insiders have sold shares in the company. However, we do note that the average sale price was significantly higher than the current share price (which is AU$4.92). 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!
View our latest analysis for MA Financial Group
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership Of MA Financial Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that MA Financial Group insiders own 34% of the company, worth about AU$296m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At MA Financial Group Tell Us?
It's certainly positive to see the recent insider purchase. However, the longer term transactions are not so encouraging. The recent buying by an insider , along with high insider ownership, suggest that MA Financial Group insiders are fairly aligned, and optimistic. 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. For example, MA Financial Group has 3 warning signs (and 1 which is significant) we think you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.