Whilst it may not be a huge deal, we thought it was good to see that the Mayville Engineering Company, Inc. (NYSE:MEC) Independent Director, Steven Fisher, recently bought US$62k worth of stock, for US$12.45 per share. That purchase might not be huge but it did increase their holding by 36%.
Check out our latest analysis for Mayville Engineering Company
Mayville Engineering Company Insider Transactions Over The Last Year
Notably, that recent purchase by Steven Fisher is the biggest insider purchase of Mayville Engineering Company shares that we've seen in the last year. That means that even when the share price was higher than US$10.96 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Steven Fisher was the only individual insider to buy during the last year.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Mayville Engineering Company is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Mayville Engineering Company
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Mayville Engineering Company insiders own about US$13m worth of shares. That equates to 5.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Mayville Engineering Company Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Mayville Engineering Company shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mayville Engineering Company. In terms of investment risks, we've identified 1 warning sign with Mayville Engineering Company and understanding it should be part of your investment process.
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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.