James Berbee Is The Independent Director of MGE Energy, Inc. (NASDAQ:MGEE) And They Just Picked Up 17% More Shares
Even if it's not a huge purchase, we think it was good to see that James Berbee, the Independent Director of MGE Energy, Inc. (NASDAQ:MGEE) recently shelled out US$80k to buy stock, at US$70.19 per share. That purchase might not be huge but it did increase their holding by 17%.
See our latest analysis for MGE Energy
The Last 12 Months Of Insider Transactions At MGE Energy
Notably, that recent purchase by James Berbee is the biggest insider purchase of MGE Energy shares that we've seen in the last year. That implies that an insider found the current price of US$77.60 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for MGE Energy share holders is that insiders were buying at near the current price.
In the last twelve months MGE Energy insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
MGE Energy 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.
Does MGE Energy 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 suggests MGE Energy insiders own 0.2% of the company, worth about US$4.3m. We consider this fairly low insider ownership.
So What Does This Data Suggest About MGE Energy Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that MGE Energy insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MGE Energy. While conducting our analysis, we found that MGE Energy has 2 warning signs and it would be unwise to ignore these.
Of course MGE Energy 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.
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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.
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