Mytilineos Insiders Added €808.6k Of Stock To Their Holdings

Multiple insiders secured a larger position in Mytilineos S.A. (ATH:MYTIL) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Mytilineos

The Last 12 Months Of Insider Transactions At Mytilineos

In the last twelve months, the biggest single purchase by an insider was when insider Nikolaos Papapetrou bought €501k worth of shares at a price of €23.99 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of €36.72. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid €809k for 30.90k shares. But insiders sold 2.00k shares worth €50k. In the last twelve months there was more buying than selling by Mytilineos insiders. 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Mytilineos

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Mytilineos insiders own about €21m worth of shares. That equates to 0.4% of the company. 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 Mytilineos Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Mytilineos shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders own shares in Mytilineos and we see no evidence to suggest they are worried about the future. While we like knowing 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. In terms of investment risks, we've identified 2 warning signs with Mytilineos and understanding these should be part of your investment process.

But note: Mytilineos may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.