Insider Buying: Tortilla Mexican Grill Independent Non-Executive Director Bought UK£50k Of Shares

Whilst it may not be a huge deal, we thought it was good to see that the Tortilla Mexican Grill plc (LON:MEX) Independent Non-Executive Director, Francesca Tiritiello, recently bought UK£50k worth of stock, for UK£0.54 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.

View our latest analysis for Tortilla Mexican Grill

The Last 12 Months Of Insider Transactions At Tortilla Mexican Grill

Notably, that recent purchase by Francesca Tiritiello is the biggest insider purchase of Tortilla Mexican Grill shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of UK£0.60. 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.

While Tortilla Mexican Grill insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Tortilla Mexican Grill is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Tortilla Mexican Grill Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 30% of Tortilla Mexican Grill shares, worth about UK£6.9m. 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 Tortilla Mexican Grill Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Tortilla Mexican Grill we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for Tortilla Mexican Grill you should know about.

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.

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