This Abundante Insider Increased Their Holding By 82% Last Year
Looking at Abundante Limited's (SGX:570 ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Abundante
The Last 12 Months Of Insider Transactions At Abundante
Over the last year, we can see that the biggest insider purchase was by insider Tingting Xun for S$2.8m worth of shares, at about S$0.21 per share. That means that an insider was happy to buy shares at above the current price of S$0.20. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Tingting Xun was the only individual insider to buy shares in the last twelve months.
Tingting Xun bought a total of 19.50m shares over the year at an average price of S$0.21. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Insider Ownership Of Abundante
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Abundante insiders own 91% of the company, worth about S$19m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Abundante Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Abundante shares in the last quarter. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like Abundante insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Abundante. Be aware that Abundante is showing 3 warning signs in our investment analysis, and 2 of those make us uncomfortable...
Of course Abundante may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com