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Looking at Optiscan Imaging Limited's (ASX:OIL ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Optiscan Imaging
Optiscan Imaging Insider Transactions Over The Last Year
The insider Robert Peters made the biggest insider purchase in the last 12 months. That single transaction was for AU$1.1m worth of shares at a price of AU$0.084 each. Even though the purchase was made at a significantly lower price than the recent price (AU$0.23), 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.
You can see a visual depiction of insider transactions (by companies and 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 undervalued small cap companies that insiders are buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 37% of Optiscan Imaging shares, worth about AU$71m. 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 Do The Optiscan Imaging Insider Transactions Indicate?
The fact that there have been no Optiscan Imaging insider transactions recently certainly doesn't bother us. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Optiscan Imaging insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Optiscan Imaging. When we did our research, we found 4 warning signs for Optiscan Imaging (1 can't be ignored!) that we believe deserve your full attention.
But note: Optiscan Imaging 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.