Positive Signs As Multiple Insiders Buy Atalaya Mining Stock
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Atalaya Mining Plc's (LON:ATYM) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Atalaya Mining
The Last 12 Months Of Insider Transactions At Atalaya Mining
In the last twelve months, the biggest single purchase by an insider was when Non-Independent Non-Executive Director Jesus Lopez bought UK£370k worth of shares at a price of UK£4.00 per share. We do like to see buying, but this purchase was made at well below the current price of UK£4.48. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months Atalaya Mining insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Atalaya Mining is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Atalaya Mining Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Atalaya Mining. Specifically, Non-Independent Non-Executive Director Jesus Lopez bought UK£370k worth of shares in that time, and we didn't record any sales whatsoever. This could be interpreted as suggesting a positive outlook.
Insider Ownership Of Atalaya Mining
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. From our data, it seems that Atalaya Mining insiders own 0.8% of the company, worth about UK£5.0m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Atalaya Mining Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Atalaya Mining insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in Atalaya Mining, you should check out this free report on analyst forecasts for the company.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com