Even if it's not a huge purchase, we think it was good to see that Stoyan Filipov, the CEO & Director of Manitex International, Inc. (NASDAQ:MNTX) recently shelled out US$79k to buy stock, at US$5.29 per share. That purchase might not be huge but it did increase their holding by 16%.
The Last 12 Months Of Insider Transactions At Manitex International
Notably, that recent purchase by CEO & Director Stoyan Filipov was not the only time they bought Manitex International shares this year. They previously made an even bigger purchase of US$90k worth of shares at a price of US$5.99 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$4.34). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Manitex International insiders were buying shares, but not selling. You can see the insider transactions (by 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!
Manitex International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Manitex International
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Manitex International insiders own 7.5% of the company, worth about US$6.5m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Manitex International Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. 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 Manitex International stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Manitex International. At Simply Wall St, we found 3 warning signs for Manitex International that deserve your attention before buying any shares.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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.
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