The Chairman of Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP), Dennis Oates, Just Bought 7.3% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Chairman, Dennis Oates, recently bought US$75k worth of stock, for US$9.15 per share. However, it only increased their shares held by 7.3%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Universal Stainless & Alloy Products
The Last 12 Months Of Insider Transactions At Universal Stainless & Alloy Products
Notably, that recent purchase by Dennis Oates is the biggest insider purchase of Universal Stainless & Alloy Products shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$9.17. 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 Universal Stainless & Alloy Products insider decided to buy shares at close to current prices. Dennis Oates was the only individual insider to buy shares in the last twelve months.
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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are 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. Based on our data, Universal Stainless & Alloy Products insiders have about 4.8% of the stock, worth approximately US$3.9m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Universal Stainless & Alloy Products Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. 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 Universal Stainless & Alloy Products stock. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Universal Stainless & Alloy Products has 3 warning signs (2 don't sit too well with us!) that deserve your attention before going any further with your analysis.
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, but not derivative transactions.
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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.
