Investors who take an interest in Miquel y Costas & Miquel, S.A. (BME:MCM) should definitely note that the Executive Chairman, Jordi Mercader Miró, recently paid €15.70 per share to buy €131k worth of the stock. Although the purchase only increased their holding by 3.1%, it is still a solid purchase in our view.
Miquel y Costas & Miquel Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Vice Chairman Jorge Mercader Barata for €230k worth of shares, at about €15.30 per share. That means that an insider was happy to buy shares at around the current price of €15.78. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Miquel y Costas & Miquel share holders is that insiders were buying at near the current price.
In the last twelve months Miquel y Costas & Miquel insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. 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 of Miquel y Costas & Miquel
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Miquel y Costas & Miquel insiders own about €53m worth of shares. That equates to 11% 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.
So What Do The Miquel y Costas & Miquel Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Miquel y Costas & Miquel insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Miquel y Costas & Miquel, you should check out this free report on analyst forecasts for the company.
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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