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One Metlen Energy & Metals Insider Raised Stake By 32% In Previous Year
Looking at Metlen Energy & Metals S.A.'s (ATH:MYTIL ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Metlen Energy & Metals Insider Transactions Over The Last Year
The CEO, MD & Chairman Evangelos Mytilineos made the biggest insider purchase in the last 12 months. That single transaction was for €858k worth of shares at a price of €34.32 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of €42.80. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Evangelos Mytilineos purchased 57.76k shares over the year. The average price per share was €34.32. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Metlen Energy & Metals
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Metlen Energy & Metals
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.4% of Metlen Energy & Metals shares, worth about €24m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Metlen Energy & Metals Tell Us?
It doesn't really mean much that no insider has traded Metlen Energy & Metals shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Metlen Energy & Metals and their transactions don't cause us concern. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Metlen Energy & Metals is showing 2 warning signs in our investment analysis, and 1 of those is a bit unpleasant...
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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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About ATSE:MYTIL
Metlen Energy & Metals
Operates in energy, metals, and infrastructure and concessions sectors in Greece, the European Union, and internationally.
Fair value with mediocre balance sheet.
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