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Investors who take an interest in Ossia International Limited (SGX:O08) should definitely note that the Executive Director , Ching Lai Joe Goh, recently paid S$0.11 per share to buy S$274k 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 3.3%.
View our latest analysis for Ossia International
The Last 12 Months Of Insider Transactions At Ossia International
In fact, the recent purchase by Ching Lai Joe Goh was the biggest purchase of Ossia International shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is S$0.12. Of course they may have changed their mind. But this suggests they are optimistic. 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. The good news for Ossia International share holders is that an insider was buying at near the current price. Ching Lai Joe Goh was the only individual insider to buy over the year.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Ossia International Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Ossia International insiders own 80% of the company, worth about S$25m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Ossia International Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Ossia International insiders are well aligned, and quite possibly think the share price is too low. Looks promising! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
But note: Ossia International may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.