【kbs c taper review】How Many Insiders Bought Advanced Braking Technology Limited (ASX:ABV) Shares?
It is kbs c taper reviewnot uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell
Advanced Braking Technology Limited
(
ASX:ABV
), you may well want to know whether insiders have been buying or selling.
Do Insider Transactions Matter?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University
study
found that ‘insider purchases earn abnormal returns of more than 6% per year.’
View our latest analysis for Advanced Braking Technology
Advanced Braking Technology Insider Transactions Over The Last Year
Keith Knowles made the biggest insider purchase in the last 12 months. That single transaction was for AU$445k worth of shares at a price of AU$0.039 each. That means that even when the share price was higher, an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. That purchase may suggest an expectation of positive returns over the long term.
Happily, we note that in the last year insiders bought 15.54m shares for a total of AU$566k. In total, Advanced Braking Technology insiders bought more than they sold over the last year. Their average price was about AU$0.036. I’d consider this a positive as it suggests insiders see value at around the current price, which is AU$0.018. You can see a visual depiction of insider transactions over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
ASX:ABV Insider Trading January 2nd 19
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.
Insiders at Advanced Braking Technology Have Bought Stock Recently
Over the last three months, we’ve seen significant insider buying at Advanced Braking Technology. Not only was there no selling that we can see, but they collectively bought AU$474k worth of shares. That shows some optimism about the company’s future.
Insider Ownership of Advanced Braking Technology
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. Advanced Braking Technology insiders own 34% of the company, currently worth about AU$1.8m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
Story continues
What Might The Insider Transactions At Advanced Braking Technology Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But we don’t feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Advanced Braking Technology we think they are probably pretty confident of a bright future. Along with insider transactions, I recommend checking if Advanced Braking Technology is growing revenue. This free chart of
historic revenue and earnings should make that easy
.
Of course
Advanced Braking Technology may not be the best stock to buy
. So you may wish to see this
free
collection of high quality companies.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at
.
View comments
-
aTyr Pharma to Webcast Conference Call Reporting Third Quarter 2020 Financial Results - Management to host conference call and webcast on November 12th at 5:00 pm EST / 2:00 pm PSTSenate GOP Adds 2 Women to Powerful Judiciary Committee, Report SaysBRIEF-North Asia Strategic Holdings Posts Qtrly Revenue HK$524.8 MlnWhat Type Of Shareholder Owns McGrath Limited’s (ASX:MEA)?SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sasol Limited of Class Action Lawsuit and Upcoming Deadline - SSLHow to Do Well With 3 Types of Do-Gooder InvestorsDoes China e-Wallet Payment Group Limited (HKG:802) Have A Particularly Volatile Share Price?Why General Electric Stock Popped 8% TodayHedge Funds Souring On E*TRADE Financial (ETFC)Online Shopping & Travel Mall MyReviewsNow Promotes Affiliate Merchant Camping World's '8th Annual Outdoor & RV Expo' to Its Members and Shoppers
下一篇:These ETF Areas Make Great Investment Choices in June
- ·Interactive Brokers' (IBKR) October DARTs Up on Higher Trading
- ·FOREX-Australian dollar, yuan slump on bleak China data
- ·A Look At The Intrinsic Value Of Stamps.com Inc. (NASDAQ:STMP)
- ·Gold Jumps on Safe-Haven Demand, Drop in Saudi Exports Boosts Crude, Weather Woes Weigh on Natural Gas
- ·What Does Success Look Like for a Climate Czar?
- ·Here’s What Cathay General Bancorp’s (NASDAQ:CATY) P/E Ratio Is Telling Us
- ·Kristen Wiig and Ben Affleck to host 'Saturday Night Live'
- ·Siemens Healthineers AG (ETR:SHL): What Can We Expect From This High Growth Stock?
- ·Spread of virus drives Corporate America into cyberspace for annual meetings
- ·Boasting A 22% Return On Equity, Is Triveni Turbine Limited (NSE:TRITURBINE) A Top Quality Stock?
- ·SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors With Losses Exceeding $100K of Class Action Against Aphria, Inc. (APHA) & Lead Plaintiff Deadline: February 4, 2019
- ·What Type Of Shareholder Owns McGrath Limited’s (ASX:MEA)?
- ·Will Fastly Continue to Surge Higher?
- ·GLOBAL ECONOMY-U.S.-China trade war takes toll on global manufacturing
- ·Why the Fed will keenly watch the purchasing managers releases
- ·Greek factory activity grows again in April - PMI
- ·Zuora's (ZUO) Loss Narrows in Q1, Revenues Increase Y/Y
- ·BidNet Announces Launch of the Missouri Purchasing Group
- ·Why the Fed will keenly watch the purchasing managers releases
- ·Read This Before You Buy Advanced Share Registry Limited (ASX:ASW) Because Of Its P/E Ratio
- ·Buy Ferrari Stock After Scuderia-Velas NFT deal?
- ·Should You Like u-blox Holding AG’s (VTX:UBXN) High Return On Capital Employed?
- ·Hedge Funds Have Never Been This Bullish On TransDigm Group Incorporated (TDG)
- ·Zimmer: 4Q Earnings Snapshot
- ·'Big shoes to fill': UniCredit shares tumble as CEO Mustier quits
- ·A Close Look At Astral Poly Technik Limited’s (NSE:ASTRAL) 22% ROCE
- ·Three 3D-printed coronavirus-fighting products companies are making
- ·HBO Chief Executive Richard Plepler to resign from company
- ·US STOCKS-Bank, energy stocks lift Wall Street higher in choppy session
- ·A Closer Look At Stride Stapled Group’s (NZSE:SPG) Impressive ROE
- ·Global Hospital Beds Market Report 2020: Market to Reach $5.2 Billion by 2027
- ·Nikkei rises to highest since mid-Dec, but Nomura, Nintendo drag
- ·BRIEF-Zhengzhou Yutong Bus Says It Sold 5,265 Buses In Jan, Up 23.2 Percent Y/Y
- ·Could The Finning International Inc. (TSE:FTT) Ownership Structure Tell Us Something Useful?
- ·Kemper (KMPR) Q3 Earnings and Revenues Beat Estimates
- ·AstraZeneca's (AZN) Lung Cancer Drug Gets Full FDA Approval