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Those following along with Basic-Fit N.V. (AMS:BFIT) will no doubt be intrigued by the recent purchase of shares by René Moos, Chairman of the Management Board & CEO of the company, who spent a stonking €3.3m on stock at an average price of €22.08. While that only increased their holding size by 1.6%, it is still a big swing by our standards.
Check out our latest analysis for Basic-Fit
Basic-Fit Insider Transactions Over The Last Year
Notably, that recent purchase by René Moos is the biggest insider purchase of Basic-Fit 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 €22.40. 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. Happily, the Basic-Fit insiders decided to buy shares at close to current prices.
Basic-Fit 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. 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.
Insider Ownership Of Basic-Fit
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Basic-Fit insiders own 14% of the company, currently worth about €212m based on the recent share price. 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 Do The Basic-Fit Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Basic-Fit. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Basic-Fit has 2 warning signs and it would be unwise to ignore them.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.