Investors who take an interest in Reliance Global Group, Inc. (NASDAQ:RELI) should definitely note that the CEO & Executive Chairman, Ezra Beyman, recently paid US$0.94 per share to buy US$195k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 87%, potentially signalling some real optimism.
Check out our latest analysis for Reliance Global Group
Reliance Global Group Insider Transactions Over The Last Year
Notably, that recent purchase by Ezra Beyman is the biggest insider purchase of Reliance Global Group shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$0.96. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Reliance Global Group insiders decided to buy shares at close to current prices.
In the last twelve months Reliance Global Group 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Reliance Global Group
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. From our data, it seems that Reliance Global Group insiders own 5.9% of the company, worth about US$945k. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Reliance Global Group Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Reliance Global Group insiders are expecting a bright future. While we like knowing 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. For example, Reliance Global Group has 5 warning signs (and 3 which are a bit concerning) we think you should know about.