Insider Spends AU$100k Buying More Shares In Fatfish Group

Whilst it may not be a huge deal, we thought it was good to see that the Fatfish Group Limited (ASX:FFG) Non-Executive Chairman, Nyap Gan, recently bought AU$100k worth of stock, for AU$0.015 per share. Although the purchase is not a big one, increasing their shareholding by only 4.3%, it can be interpreted as a good sign.

See our latest analysis for Fatfish Group

Fatfish Group Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Yong Loong Tan for AU$1.8m worth of shares, at about AU$0.015 per share. We do like to see buying, but this purchase was made at well below the current price of AU$0.021. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While Fatfish Group insiders bought shares during the last year, they didn't sell. 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!

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

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Fatfish Group insiders own 43% of the company, worth about AU$13m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Fatfish Group Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give 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 Fatfish Group. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 5 warning signs for Fatfish Group (of which 2 are significant!) you should know about.

Of course Fatfish Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.