Trade Alert: The Non-Executive Director Of Bisalloy Steel Group Limited (ASX:BIS), Ian Greenyer, Has Just Spent AU$92k Buying A Few More Shares

Even if it's not a huge purchase, we think it was good to see that Ian Greenyer, the Non-Executive Director of Bisalloy Steel Group Limited (ASX:BIS) recently shelled out AU$92k to buy stock, at AU$0.92 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Bisalloy Steel Group

The Last 12 Months Of Insider Transactions At Bisalloy Steel Group

Over the last year, we can see that the biggest insider sale was by the insider, Kym Godson, for AU$971k worth of shares, at about AU$1.15 per share. So what is clear is that an insider saw fit to sell at around the current price of AU$1.00. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year we saw more insider selling of Bisalloy Steel Group shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Bisalloy Steel Group insiders own 22% of the company, worth about AU$10m. 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 Do The Bisalloy Steel Group Insider Transactions Indicate?

It is good to see the recent insider purchase. However, the longer term transactions are not so encouraging. While recent transactions indicate confidence in Bisalloy Steel Group, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. Overall they seem reasonably aligned. 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. For example - Bisalloy Steel Group has 3 warning signs we think you should be aware of.

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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