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Investors who take an interest in CosmoSteel Holdings Limited (SGX:B9S) should definitely note that the CEO & Executive Director, Tong Hai Ong, recently paid S$0.13 per share to buy S$361k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 7.8%.
See our latest analysis for CosmoSteel Holdings
CosmoSteel Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Tong Hai Ong was the biggest purchase of CosmoSteel Holdings shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of S$0.13 per share to be enticing. 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. 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. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Tong Hai Ong.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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).
Does CosmoSteel Holdings Boast High Insider Ownership?
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. It appears that CosmoSteel Holdings insiders own 36% of the company, worth about S$13m. 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 CosmoSteel Holdings Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in CosmoSteel Holdings shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 3 warning signs for CosmoSteel Holdings and we suggest you have a look.