CEO, MD & Chairman of Metlen Energy & Metals Picks Up 56% More Stock

Those following along with Metlen Energy & Metals S.A. (ATH:MYTIL) will no doubt be intrigued by the recent purchase of shares by Evangelos Mytilineos, CEO, MD & Chairman of the company, who spent a stonking €854k on stock at an average price of €34.14. That increased their holding by a full 56%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

See our latest analysis for Metlen Energy & Metals

The Last 12 Months Of Insider Transactions At Metlen Energy & Metals

In fact, the recent purchase by Evangelos Mytilineos was the biggest purchase of Metlen Energy & Metals shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of €34.90. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Metlen Energy & Metals insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 27.60k shares worth €946k. On the other hand they divested 51.69k shares, for €2.0m. In total, Metlen Energy & Metals insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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 Metlen Energy & Metals Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of Metlen Energy & Metals shares, worth about €28m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Metlen Energy & Metals Insider Transactions Indicate?

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 more recent transactions are a positive, but Metlen Energy & Metals insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. In short they are likely aligned with shareholders. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Metlen Energy & Metals. Be aware that Metlen Energy & Metals is showing 3 warning signs in our investment analysis, and 2 of those are a bit concerning...

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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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