Mark Powell Just Bought A Sprinkling of Shares In My Food Bag Group Limited (NZSE:MFB)

Even if it's not a huge purchase, we think it was good to see that Mark Powell, a My Food Bag Group Limited (NZSE:MFB) insider, recently shelled out NZ$52k to buy stock, at NZ$0.49 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

Check out our latest analysis for My Food Bag Group

My Food Bag Group Insider Transactions Over The Last Year

In fact, the recent purchase by Mark Powell was the biggest purchase of My Food Bag Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being NZ$0.44). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months My Food Bag Group insiders were buying shares, but not selling. They paid about NZ$0.61 on average. I'd consider this a positive as it suggests insiders see value at around the current price, which is NZ$0.44. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

My Food Bag Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of My Food Bag Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that My Food Bag Group insiders own 7.5% of the company, worth about NZ$8.2m. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About My Food Bag Group Insiders?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that My Food Bag Group insiders are reasonably well aligned, and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for My Food Bag Group (2 shouldn't be ignored) you should be aware of.

Of course My Food Bag Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

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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.