When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Jubilee Metals Group PLC’s (LON:JLP) instance, it’s good news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Jubilee Metals Group
Jubilee Metals Group Insider Transactions Over The Last Year
In fact, the recent purchase by Leon Coetzer was the biggest purchase of Jubilee Metals Group shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being UK£0.063). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Jubilee Metals Group insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Jubilee Metals Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Jubilee Metals Group Insiders Bought Stock Recently
Over the last quarter, Jubilee Metals Group insiders have spent a meaningful amount on shares. In total, insiders bought UK£67k worth of shares in that time, and we didn’t record any sales whatsoever. This could be interpreted as suggesting a positive outlook.
Does Jubilee Metals Group Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Jubilee Metals Group insiders have about 2.0% of the stock, worth approximately UK£3.8m. But they may have an indirect interest through a corporate structure that we haven’t picked up on. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Jubilee Metals Group Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Jubilee Metals Group stock. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Jubilee Metals Group. In terms of investment risks, we’ve identified 2 warning signs with Jubilee Metals Group and understanding them should be part of your investment process.
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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
