Have Insiders Sold Advance NanoTek Limited (ASX:ANO) Shares Recently?

Anyone interested in Advance NanoTek Limited (ASX:ANO) should probably be aware that the MD, Company Secretary & Executive Director, Geoffrey Acton, recently divested AU$187k worth of shares in the company, at an average price of AU$4.00 each. That sale was 11% of their holding, so it does make us raise an eyebrow.

See our latest analysis for Advance NanoTek

Advance NanoTek Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Lev Mizikovsky bought AU$350k worth of shares at a price of AU$3.50 per share. We do like to see buying, but this purchase was made at well below the current price of AU$4.38. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Lev Mizikovsky bought 262.76k shares over the last 12 months at an average price of AU$3.11. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Advance NanoTek is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Advance NanoTek

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Advance NanoTek insiders own 59% of the company, worth about AU$157m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Advance NanoTek Insiders?

Our data shows a little more insider selling than buying in the last three months. But the difference is small, and thus, not concerning. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Advance NanoTek insiders feel good about the company's future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Advance NanoTek (1 makes us a bit uncomfortable!) and we strongly recommend you look at them before investing.

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.

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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