Insider Spends AU$3.7m Buying More Shares In Regis Resources
Those following along with Regis Resources Limited (ASX:RRL) will no doubt be intrigued by the recent purchase of shares by Jim Beyer, CEO, MD & Executive Director of the company, who spent a stonking AU$3.7m on stock at an average price of AU$7.63. That increased their holding by a full 170%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
Regis Resources Insider Transactions Over The Last Year
Notably, that recent purchase by Jim Beyer is the biggest insider purchase of Regis Resources shares that we've seen in the last year. That implies that an insider found the current price of AU$7.72 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Regis Resources insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Jim Beyer. We note that Jim Beyer was also the biggest seller.
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!
View our latest analysis for Regis Resources
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. We usually like to see fairly high levels of insider ownership. From our data, it seems that Regis Resources insiders own 0.2% of the company, worth about AU$13m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Regis Resources Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Regis Resources shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Regis Resources. Our analysis shows 2 warning signs for Regis Resources (1 is concerning!) and we strongly recommend you look at these before investing.
But note: Regis Resources 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.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.