Insider Buying: Jadestone Energy Independent Non-Executive Director Bought US$40k Of Shares

Whilst it may not be a huge deal, we thought it was good to see that the Jadestone Energy plc (LON:JSE) Independent Non-Executive Director, David Mendelson, recently bought UK£40k worth of stock, for UK£0.24 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

The Last 12 Months Of Insider Transactions At Jadestone Energy

In the last twelve months, the biggest single purchase by an insider was when insider Alexander Paul Blakeley bought UK£148k worth of shares at a price of UK£0.29 per share. That means that an insider was happy to buy shares at above the current price of UK£0.25. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While Jadestone Energy insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Jadestone Energy

Jadestone Energy 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 Jadestone Energy 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. We usually like to see fairly high levels of insider ownership. Our data suggests Jadestone Energy insiders own 1.2% of the company, worth about UK£1.7m. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Jadestone Energy Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Jadestone Energy stock. Of course, the future is what matters most. So if you are interested in Jadestone Energy, you should check out this free report on analyst forecasts for the company.

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 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.