Have Insiders Sold Indo Amines Shares Recently?

Anyone interested in Indo Amines Limited (NSE:INDOAMIN) should probably be aware that the President of Projects, Nandu Gupta, recently divested ₹10.0m worth of shares in the company, at an average price of ₹175 each. On the bright side, that sale was only 4.5% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Indo Amines

Indo Amines Insider Transactions Over The Last Year

The insider, Pramila Gupta, made the biggest insider sale in the last 12 months. That single transaction was for ₹14m worth of shares at a price of ₹171 each. That means that an insider was selling shares at around the current price of ₹168. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Indo Amines insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 27% of Indo Amines shares, worth about ₹3.2b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Indo Amines Insider Transactions Indicate?

Insiders sold Indo Amines shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Indo Amines is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Indo Amines. Be aware that Indo Amines is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.