Whilst it may not be a huge deal, we thought it was good to see that the Healius Limited (ASX:HLS) MD, CEO & Director, Paul Anderson, recently bought AU$103k worth of stock, for AU$0.44 per share. While that isn't the hugest buy, it actually boosted their shareholding by 156%, which is good to see.
Healius Insider Transactions Over The Last Year
In fact, the recent purchase by Paul Anderson was the biggest purchase of Healius shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$0.46 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Healius insiders decided to buy shares at close to current prices.
Healius insiders may have bought shares in the last year, but they didn't sell any. Their average price was about AU$0.58. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Healius
Healius 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.
Does Healius Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own AU$2.3m worth of Healius stock, about 0.7% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Healius Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Healius insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Healius, you should check out this free report on analyst forecasts for the company.
Of course Healius 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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