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Potential Omni Bridgeway Limited (ASX:OBL) shareholders may wish to note that the Non-Executive Chairman, Michael Green, recently bought AU$216k worth of stock, paying AU$1.60 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 187%, potentially signalling some real optimism.
We check all companies for important risks. See what we found for Omni Bridgeway in our free report.
The Last 12 Months Of Insider Transactions At Omni Bridgeway
The insider Vadim Rubinchik made the biggest insider purchase in the last 12 months. That single transaction was for AU$4.6m worth of shares at a price of AU$0.93 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$1.89. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Omni Bridgeway insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Omni Bridgeway 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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 6.7% of Omni Bridgeway shares, worth about AU$36m. 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 Omni Bridgeway Insiders?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Omni Bridgeway we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Omni Bridgeway.
Of course Omni Bridgeway may not be the best stock to buy. So you may wish to see this free collection of high quality companies.