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Whilst it may not be a huge deal, we thought it was good to see that the Powerhouse Ventures Limited (ASX:PVL) Non- Executive Director, Doron Eldar, recently bought AU$74k worth of stock, for AU$0.055 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for Powerhouse Ventures
Powerhouse Ventures Insider Transactions Over The Last Year
Notably, that recent purchase by Doron Eldar is the biggest insider purchase of Powerhouse Ventures shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (AU$0.083), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Powerhouse Ventures insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Powerhouse Ventures is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Powerhouse Ventures
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. We usually like to see fairly high levels of insider ownership. Insiders own 23% of Powerhouse Ventures shares, worth about AU$2.4m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Powerhouse Ventures Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Powerhouse Ventures shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of 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. For instance, we've identified 5 warning signs for Powerhouse Ventures (3 shouldn't be ignored) you should be aware of.
But note: Powerhouse Ventures 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.