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From what we can see, insiders were net buyers in ASL Marine Holdings Ltd.'s (SGX:A04 ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for ASL Marine Holdings
ASL Marine Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Founder & Advisor Sin Liu Ang for S$2.8m worth of shares, at about S$0.054 per share. That means that an insider was happy to buy shares at around the current price of S$0.058. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the ASL Marine Holdings insider decided to buy shares at close to current prices. Sin Liu Ang was the only individual insider to buy during the last year.
Sin Liu Ang purchased 52.22m shares over the year. The average price per share was S$0.054. 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!
ASL Marine Holdings is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of ASL Marine Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. ASL Marine Holdings insiders own about S$41m worth of shares (which is 71% of the company). 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 ASL Marine Holdings Insiders?
The fact that there have been no ASL Marine Holdings insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like ASL Marine Holdings insiders think the business has merit. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 3 warning signs for ASL Marine Holdings (2 are significant!) and we strongly recommend you look at them before investing.