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Whilst it may not be a huge deal, we thought it was good to see that Lloyd Rochford, who is a company insider, recently bought US$100k worth of stock, for US$0.70 per share. Although the purchase is not a big one, increasing their shareholding by only 8.5%, it can be interpreted as a good sign.
Ring Energy Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Simon Kukes bought US$1.5m worth of shares at a price of US$2.03 per share. That means that an insider was happy to buy shares at above the current price of US$0.47. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. We note that Simon Kukes was both the biggest buyer and the biggest seller.
Happily, we note that in the last year insiders paid US$2.3m for 1.36m shares. On the other hand they divested 66.30k shares, for US$170k. In total, Ring Energy insiders bought more than they sold over the last year. The average buy price was around US$1.67. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Ring Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Ring Energy Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 15% of Ring Energy shares, worth about US$6.7m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Ring Energy Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Ring Energy insiders are expecting 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. For example - Ring Energy has 3 warning signs we think you should be aware of.
Of course Ring 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.
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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