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Alternate Non-Executive Director Timothy Bryan Just Bought 222% More Shares In Freedom Foods Group Limited (ASX:FNP)

Simply Wall St
·3 mins read

Even if it's not a huge purchase, we think it was good to see that Timothy Bryan, the Alternate Non-Executive Director of Freedom Foods Group Limited (ASX:FNP) recently shelled out AU$141k to buy stock, at AU$4.29 per share. While that isn't the hugest buy, it actually boosted their shareholding by 222%, which is good to see.

View our latest analysis for Freedom Foods Group

The Last 12 Months Of Insider Transactions At Freedom Foods Group

Independent Non-Executive Chairman Perry Gunner made the biggest insider purchase in the last 12 months. That single transaction was for AU$435k worth of shares at a price of AU$4.41 each. That means that an insider was happy to buy shares at around the current price of AU$4.51. 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. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Freedom Foods Group insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

ASX:FNP Recent Insider Trading May 7th 2020
ASX:FNP Recent Insider Trading May 7th 2020

Freedom Foods Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Freedom Foods Group insiders own about AU$23m worth of shares. That equates to 1.8% 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 Freedom Foods Group Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Freedom Foods Group insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for Freedom Foods Group (of which 1 is significant!) you should know about.

But note: Freedom Foods Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.