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From what we can see, insiders were net buyers in Enviro-Hub Holdings Ltd.'s (SGX:L23 ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Enviro-Hub Holdings
Enviro-Hub Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Ah Hua Ng is the biggest insider purchase of Enviro-Hub Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being S$0.027). 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. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Ah Hua Ng was the only individual insider to buy shares in the last twelve months.
Ah Hua Ng purchased 5.80m shares over the year. The average price per share was S$0.026. 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!
Enviro-Hub Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Enviro-Hub Holdings insiders own about S$28m worth of shares (which is 68% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Enviro-Hub Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Enviro-Hub Holdings. Nice! 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. Every company has risks, and we've spotted 3 warning signs for Enviro-Hub Holdings you should know about.