Potential OZ Minerals Limited (ASX:OZL) shareholders may wish to note that the Independent Non-Executive Director, Charles Sartain, recently bought AU$273k worth of stock, paying AU$9.09 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 43%.
OZ Minerals Insider Transactions Over The Last Year
In fact, the recent purchase by Charles Sartain was the biggest purchase of OZ Minerals shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than AU$9.00 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
OZ Minerals insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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 OZ Minerals
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. Our data indicates that OZ Minerals insiders own about AU$14m worth of shares (which is 0.5% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About OZ Minerals Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of OZ Minerals we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in OZ Minerals, you should check out this free report on analyst forecasts for the company.
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 email@example.com. 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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