Even if it's not a huge purchase, we think it was good to see that L. C. Tan, the Co-Founder of A-Sonic Aerospace Limited (SGX:BTJ) recently shelled out S$124k to buy stock, at S$0.60 per 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.
View our latest analysis for A-Sonic Aerospace
The Last 12 Months Of Insider Transactions At A-Sonic Aerospace
In fact, the recent purchase by L. C. Tan was the biggest purchase of A-Sonic Aerospace shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of S$0.56. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While A-Sonic Aerospace insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does A-Sonic Aerospace 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. A-Sonic Aerospace insiders own 67% of the company, currently worth about S$33m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About A-Sonic Aerospace Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about A-Sonic Aerospace. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing A-Sonic Aerospace. In terms of investment risks, we've identified 2 warning signs with A-Sonic Aerospace and understanding them should be part of your investment process.
Of course A-Sonic Aerospace 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.