Geoff Bainbridge Is The MD & Executive Director of Lark Distilling Co. Ltd (ASX:LRK) And They Just Picked Up 3.4% More Shares

Potential Lark Distilling Co. Ltd (ASX:LRK) shareholders may wish to note that the MD & Executive Director, Geoff Bainbridge, recently bought AU$152k worth of stock, paying AU$1.45 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.4%.

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The Last 12 Months Of Insider Transactions At Lark Distilling

In fact, the recent purchase by MD & Executive Director Geoff Bainbridge was not their only acquisition of Lark Distilling shares this year. They previously made an even bigger purchase of AU$2.4m worth of shares at a price of AU$0.90 per share. Even though the purchase was made at a significantly lower price than the recent price (AU$1.45), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Lark Distilling insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

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. Insiders own 35% of Lark Distilling shares, worth about AU$31m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Lark Distilling Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Lark Distilling we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Lark Distilling. To that end, you should learn about the 5 warning signs we've spotted with Lark Distilling (including 2 which are a bit concerning).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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