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On May 21, 2024, Nicholas & Melinda Gerber Living Trust, CEO and 10% Owner, purchased 80,000 shares of The Marygold Companies Inc (MGLD). The transaction was documented in a recent SEC Filing.
The Marygold Companies Inc, operating in the financial sector, focuses on asset management and investment services. The company's shares were priced at $1.35 on the day of the transaction, resulting in a total investment of $108,000 by the insider.
Over the past year, the insider has increased their holdings significantly, purchasing a total of 168,751 shares. This latest acquisition continues a trend of buys from the insider, with no recorded sales in the same period.
The overall insider transaction history for The Marygold Companies Inc shows a pattern of confidence, with 4 insider buys and no sells over the past year.
The company's market cap stands at $56.388 million. According to GF Value, the stock is currently Fairly Valued, with a price-to-GF-Value ratio of 1.02. This assessment is based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider buying activity could be a signal to investors about the potential stability or growth of The Marygold Companies Inc, as seen through the eyes of one of its top executives and stakeholders.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.