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Blackstone Minerals Transactions Over The Last Year
Institutions and major shareholders have been continuing to buy Blackstone Minerals shares throughout the last 12 months. That means that even when the share price was higher than AU$0.20 (the recent price), instituional investors wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price notable shareholders pay for shares is very important. Generally speaking, it catches our eye when an institutions and investment managers have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
There are plenty of companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 6.93% of Blackstone Minerals shares, worth about AU$7.2m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Blackstone Minerals Tell Us?
While the recent notable purchases are heartening. We also take confidence from the longer term picture of these transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. 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 Blackstone Minerals stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blackstone Minerals. Our analysis shows 4 warning signs for Blackstone Minerals (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing.
Of course Blackstone Minerals 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.
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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.