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Those following along with OPKO Health, Inc. (NASDAQ:OPK) will no doubt be intrigued by the recent purchase of shares by Phillip Frost, Chairman & CEO of the company, who spent a stonking US$1.3m on stock at an average price of US$1.27. While that only increased their holding size by 0.4%, it is still a big swing by our standards.
See our latest analysis for OPKO Health
The Last 12 Months Of Insider Transactions At OPKO Health
Notably, that recent purchase by Phillip Frost is the biggest insider purchase of OPKO Health shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$1.39. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months OPKO Health insiders were buying shares, but not selling. The average buy price was around US$1.44. I'd consider this a positive as it suggests insiders see value at around the current price. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does OPKO Health 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 OPKO Health insiders own 43% of the company, worth about US$428m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About OPKO Health Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about OPKO Health. Nice! Of course, the future is what matters most. So if you are interested in OPKO Health, you should check out this free report on analyst forecasts for the company.