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Insider Buying: The RiceBran Technologies (NASDAQ:RIBT) President Just Bought US$100k Worth Of Shares

Simply Wall St

Whilst it may not be a huge deal, we thought it was good to see that the RiceBran Technologies (NASDAQ:RIBT) President, Brent Rystrom, recently bought US$100k worth of stock, for US$1.25 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 40%.

Check out our latest analysis for RiceBran Technologies

RiceBran Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Brent Rystrom is the biggest insider purchase of RiceBran Technologies shares that we've seen in the last year. That implies that an insider found the current price of US$1.35 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. Happily, the RiceBran Technologies insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 263.19k shares for US$405k. But they sold 11289 for US$30k. In the last twelve months there was more buying than selling by RiceBran Technologies insiders. They paid about US$1.54 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqCM:RIBT Recent Insider Trading, December 23rd 2019
NasdaqCM:RIBT Recent Insider Trading, December 23rd 2019

RiceBran Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does RiceBran Technologies Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 6.7% of RiceBran Technologies shares, worth about US$3.6m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The RiceBran Technologies Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. 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 RiceBran Technologies stock. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: RiceBran Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.