The Independent Non-Executive Director of Fitzroy River Corporation Limited (ASX:FZR), Susan Thomas, Just Bought 13% More Shares
Potential Fitzroy River Corporation Limited (ASX:FZR) shareholders may wish to note that the Independent Non-Executive Director, Susan Thomas, recently bought AU$359k worth of stock, paying AU$0.12 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 13%.
Check out our latest analysis for Fitzroy River
The Last 12 Months Of Insider Transactions At Fitzroy River
Notably, that recent purchase by Susan Thomas is the biggest insider purchase of Fitzroy River 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 AU$0.13. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
Fitzroy River insiders may have bought shares in the last year, but they didn't sell any. 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!
Fitzroy River is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Fitzroy River
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. Insiders own 32% of Fitzroy River shares, worth about AU$4.5m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Fitzroy River Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Fitzroy River we think they are probably pretty confident of a bright future. 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 Fitzroy River has 6 warning signs (4 are a bit unpleasant!) that deserve your attention before going any further with your analysis.
Of course Fitzroy River may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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.
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