Favourable Signals For Beng Kuang Marine: Numerous Insiders Acquired Stock

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Beng Kuang Marine Limited's (SGX:BEZ) instance, it's good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Beng Kuang Marine

Beng Kuang Marine Insider Transactions Over The Last Year

Earlier in the year, Chief Executive Officer Jiunn Yong paid S$0.053 per share in a S$127k purchase. Even though the purchase was made at a significantly lower price than the recent price (S$0.071), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Beng Kuang Marine insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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SGX:BEZ Insider Trading Volume July 10th 2023

Beng Kuang Marine is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Are Beng Kuang Marine Insiders Buying Or Selling?

We saw some Beng Kuang Marine insider buying shares in the last three months. Chief Executive Officer Jiunn Yong shelled out S$7.0k for shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Does Beng Kuang Marine Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Beng Kuang Marine insiders own 52% of the company, worth about S$7.3m. 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 Beng Kuang Marine Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Beng Kuang Marine insiders think the business has merit. 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. To help with this, we've discovered 3 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in Beng Kuang Marine.