Trade Alert: The Executive Director Of Jade Gas Holdings Limited (ASX:JGH), Joseph Burke, Has Just Spent AU$156k Buying A Few More Shares
Potential Jade Gas Holdings Limited (ASX:JGH) shareholders may wish to note that the Executive Director, Joseph Burke, recently bought AU$156k worth of stock, paying AU$0.052 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for Jade Gas Holdings
The Last 12 Months Of Insider Transactions At Jade Gas Holdings
Notably, that recent purchase by Joseph Burke is the biggest insider purchase of Jade Gas Holdings shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (AU$0.059), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Jade Gas Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Jade Gas Holdings insiders own 48% of the company, worth about AU$38m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Jade Gas Holdings Insiders?
It's certainly positive to see the recent insider purchase. 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Jade Gas Holdings. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Jade Gas Holdings. Case in point: We've spotted 3 warning signs for Jade Gas Holdings you should be aware of, and 1 of these can't be ignored.
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.
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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.
