Bernard Brookes Is The CEO & Non-Executive Chairman of Dotz Nano Limited (ASX:DTZ) And They Just Picked Up 96% More Shares

Potential Dotz Nano Limited (ASX:DTZ) shareholders may wish to note that the CEO & Non-Executive Chairman, Bernard Brookes, recently bought AU$151k worth of stock, paying AU$0.25 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 96%, potentially signalling some real optimism.

Check out our latest analysis for Dotz Nano

The Last 12 Months Of Insider Transactions At Dotz Nano

In fact, the recent purchase by Bernard Brookes was the biggest purchase of Dotz Nano shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.34. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Dotz Nano 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. We usually like to see fairly high levels of insider ownership. Insiders own 12% of Dotz Nano shares, worth about AU$17m. 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 Dotz Nano Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Dotz Nano 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 Dotz Nano. Our analysis shows 2 warning signs for Dotz Nano (1 is potentially serious!) 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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