MD, CEO & Executive Director of Omni Bridgeway Picks Up 1.1% More Stock
Even if it's not a huge purchase, we think it was good to see that Raymond van Hulst, the MD, CEO & Executive Director of Omni Bridgeway Limited (ASX:OBL) recently shelled out AU$95k to buy stock, at AU$1.40 per share. However, it only increased their shares held by 1.1%, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Omni Bridgeway
Notably, that recent purchase by Raymond van Hulst is the biggest insider purchase of Omni Bridgeway 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$1.47. Of course they may have changed their mind. But this suggests they are optimistic. 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 Omni Bridgeway share holders is that insiders were buying at near the current price.
In the last twelve months Omni Bridgeway 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. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Omni Bridgeway
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Does Omni Bridgeway Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Omni Bridgeway insiders own about AU$25m worth of shares. That equates to 6.0% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Omni Bridgeway Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Omni Bridgeway 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 Omni Bridgeway. For example - Omni Bridgeway 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 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.