Co-Founder Stephen Roman Just Bought 3.8% More Shares In Global Atomic Corporation (TSE:GLO)
Investors who take an interest in Global Atomic Corporation (TSE:GLO) should definitely note that the Co-Founder, Stephen Roman, recently paid CA$0.60 per share to buy CA$270k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.8%.
Check out our latest analysis for Global Atomic
The Last 12 Months Of Insider Transactions At Global Atomic
Notably, that recent purchase by Stephen Roman is the biggest insider purchase of Global Atomic shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$0.60. That means they have been optimistic about the company in the past, though they may have changed their mind. 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.
Global Atomic insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Global Atomic Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company 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. Our data indicates that Global Atomic insiders own about CA$9.0m worth of shares (which is 10% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Global Atomic Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. 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 Global Atomic stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Global Atomic. Case in point: We've spotted 5 warning signs for Global Atomic you should be aware of, and 1 of them can't be ignored.
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. 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. Thank you for reading.
