Garry Mauro Bought 9.9% More Shares In LifeVantage
Even if it's not a huge purchase, we think it was good to see that Garry Mauro, the Independent Chairman of LifeVantage Corporation (NASDAQ:LFVN) recently shelled out US$89k to buy stock, at US$4.74 per share. Although the purchase is not a big one, increasing their shareholding by only 9.9%, it can be interpreted as a good sign.
See our latest analysis for LifeVantage
The Last 12 Months Of Insider Transactions At LifeVantage
The insider Bradley Radoff made the biggest insider purchase in the last 12 months. That single transaction was for US$367k worth of shares at a price of US$4.18 each. Even though the purchase was made at a significantly lower price than the recent price (US$5.63), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
LifeVantage insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and 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 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).
Insider Ownership Of LifeVantage
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. LifeVantage insiders own about US$12m worth of shares. That equates to 17% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About LifeVantage Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of LifeVantage we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LifeVantage. Our analysis shows 4 warning signs for LifeVantage (2 are potentially serious!) and we strongly recommend you look at these before investing.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
