Insider Buys Additional €372k In Atalaya Mining Stock

Potential Atalaya Mining Plc (LON:ATYM) shareholders may wish to note that the Non-Independent Non-Executive Director, Jesus Lopez, recently bought UK£372k worth of stock, paying UK£4.02 for each 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.

See our latest analysis for Atalaya Mining

Atalaya Mining Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chief Financial Officer, Cesar Sanchez, for UK£813k worth of shares, at about UK£3.25 per share. That means that an insider was selling shares at slightly below the current price (UK£4.05). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 71% of Cesar Sanchez's stake. The only individual insider seller over the last year was Cesar Sanchez.

In the last twelve months insiders purchased 101.84k shares for UK£401k. On the other hand they divested 250.00k shares, for UK£813k. 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!

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Does Atalaya Mining 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Atalaya Mining insiders own about UK£4.5m worth of shares (which is 0.8% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Atalaya Mining Insiders?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. The transactions over the last year don't give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive. Of course, the future is what matters most. So if you are interested in Atalaya Mining, 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.

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