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Potential Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) shareholders may wish to note that the President, Bruce Young, recently bought US$257k worth of stock, paying US$5.19 for each share. Although the purchase only increased their holding by 3.0%, it is still a solid purchase in our view.
View our latest analysis for Concrete Pumping Holdings
Concrete Pumping Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Bruce Young is the biggest insider purchase of Concrete Pumping Holdings shares that we've seen in the last year. That implies that an insider found the current price of US$5.75 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Concrete Pumping Holdings share holders is that insiders were buying at near the current price.
In the last twelve months Concrete Pumping Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Concrete Pumping 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 Concrete Pumping Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Concrete Pumping Holdings insiders own about US$18m worth of shares. That equates to 5.8% 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 Do The Concrete Pumping Holdings Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Concrete Pumping Holdings we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Concrete Pumping Holdings and we suggest you have a look.