U.S. markets closed
  • S&P 500

    3,849.62
    -5.74 (-0.15%)
     
  • Dow 30

    30,937.04
    -22.96 (-0.07%)
     
  • Nasdaq

    13,626.06
    -9.93 (-0.07%)
     
  • Russell 2000

    2,149.86
    -13.42 (-0.62%)
     
  • Crude Oil

    52.75
    -0.02 (-0.04%)
     
  • Gold

    1,849.40
    -5.80 (-0.31%)
     
  • Silver

    25.52
    +0.04 (+0.16%)
     
  • EUR/USD

    1.2170
    +0.0025 (+0.21%)
     
  • 10-Yr Bond

    1.0400
    0.0000 (0.00%)
     
  • GBP/USD

    1.3731
    +0.0056 (+0.41%)
     
  • USD/JPY

    103.6300
    -0.1260 (-0.12%)
     
  • BTC-USD

    32,112.78
    +71.34 (+0.22%)
     
  • CMC Crypto 200

    648.45
    +1.12 (+0.17%)
     
  • FTSE 100

    6,654.01
    +15.16 (+0.23%)
     
  • Nikkei 225

    28,546.18
    -276.11 (-0.96%)
     

Non-Executive Chairman Geoffrey Baker Just Bought 5.8% More Shares In MACA Limited (ASX:MLD)

Simply Wall St
·3 min read

MACA Limited (ASX:MLD) shareholders (or potential shareholders) will be happy to see that the Non-Executive Chairman, Geoffrey Baker, recently bought a whopping AU$764k worth of stock, at a price of AU$1.02. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 5.8%.

Check out our latest analysis for MACA

MACA Insider Transactions Over The Last Year

In fact, the recent purchase by Geoffrey Baker was the biggest purchase of MACA shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of AU$1.24 per share to be enticing. 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. Happily, the MACA insiders decided to buy shares at close to current prices.

MACA 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!

insider-trading-volume
insider-trading-volume

MACA 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 MACA

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. MACA insiders own about AU$67m worth of shares. That equates to 18% of the company. 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 Does This Data Suggest About MACA Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of MACA 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. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of MACA.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.