Potential Tianjin Tianbao Energy Co., Ltd. (HKG:1671) shareholders may wish to note that insider Yun Nan Yuan recently bought CN¥1.1m worth of stock, paying CN¥1.29 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 14%.
Tianjin Tianbao Energy Insider Transactions Over The Last Year
In fact, the recent purchase by insider Yun Nan Yuan was not their only acquisition of Tianjin Tianbao Energy shares this year. Earlier in the year, they paid HK$1.93 per share in a HK$5.3m purchase. That means that an insider was happy to buy shares at above the current price of HK$1.27. 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. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Yun Nan Yuan.
Yun Nan Yuan purchased 4396000 shares over the year. The average price per share was HK$1.75. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Tianjin Tianbao Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Tianjin Tianbao Energy Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Tianjin Tianbao Energy insiders own 3.7% of the company, worth about HK$7.7m. However, it's possible that insiders might have an indirect interest through a more complex structure. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Tianjin Tianbao Energy Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Tianjin Tianbao Energy insiders are expecting a bright future. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
But note: Tianjin Tianbao Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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