Stephen Parsons Is The MD & Executive Director of Bellevue Gold Limited (ASX:BGL) And Just Spent AU$227k On Shares

Investors who take an interest in Bellevue Gold Limited (ASX:BGL) should definitely note that the MD & Executive Director, Stephen Parsons, recently paid AU$0.76 per share to buy AU$227k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Bellevue Gold

Bellevue Gold Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Tolga Kumova, sold AU$5.0m worth of shares at a price of AU$1.19 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of AU$0.72. So it may not tell us anything about how insiders feel about the current share price. Tolga Kumova was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid AU$520k for 749.73k shares. But insiders sold 5.80m shares worth AU$6.0m. Tolga Kumova divested 5.80m shares over the last 12 months at an average price of AU$1.04. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Bellevue Gold Boast High Insider Ownership?

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 appears that Bellevue Gold insiders own 7.6% of the company, worth about AU$47m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Bellevue Gold Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. While recent transactions indicate confidence in Bellevue Gold, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. So they seem pretty well aligned, overall. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for Bellevue Gold that deserve your attention before buying any shares.

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.

If you decide to trade Bellevue Gold, use the lowest-cost* platform that is rated #1 Overall by Barron’s, Interactive Brokers. Trade stocks, options, futures, forex, bonds and funds on 135 markets, all from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

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