Bisalloy Steel Group Insider Lowered Holding By 34% During Last Year

Viewing insider transactions for Bisalloy Steel Group Limited's (ASX:BIS ) over the last year, we see that insiders were net sellers. This means that a larger number of shares were sold by insiders in relation to shares purchased.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Bisalloy Steel Group

Bisalloy Steel Group Insider Transactions Over The Last Year

The insider, Malcolm B. Turnbull, made the biggest insider sale in the last 12 months. That single transaction was for AU$827k worth of shares at a price of AU$2.20 each. That means that an insider was selling shares at around the current price of AU$2.03. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. The only individual insider seller over the last year was Malcolm B. Turnbull.

In the last twelve months insiders purchased 20.00k shares for AU$41k. But they sold 582.07k shares for AU$1.2m. Malcolm B. Turnbull sold a total of 582.07k shares over the year at an average price of AU$2.12. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insiders At Bisalloy Steel Group Have Bought Stock Recently

We saw some Bisalloy Steel Group insider buying shares in the last three months. MD, CEO & Director Rowan Melrose purchased AU$20k worth of shares in that period. It's great to see that insiders are only buying, not selling. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Does Bisalloy Steel Group Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Bisalloy Steel Group insiders own about AU$21m worth of shares. That equates to 22% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Bisalloy Steel Group Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. We don't take much encouragement from the transactions by Bisalloy Steel Group insiders. But it's good to see that insiders own shares in the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 3 warning signs for Bisalloy Steel Group and we suggest you have a look.

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 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.