Co-Founder & Executive Director of Union Steel Holdings Yew Ang Buys More Stock

Union Steel Holdings Limited (SGX:ZB9) shareholders (or potential shareholders) will be happy to see that the Co-Founder & Executive Director, Yew Ang, recently bought a whopping S$603m worth of stock, at a price of S$20,100. While that only increased their holding size by 0.2%, it is still a big swing by our standards.

Check out our latest analysis for Union Steel Holdings

Union Steel Holdings Insider Transactions Over The Last Year

In fact, the recent purchase by Yew Ang was the biggest purchase of Union Steel Holdings shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than S$0.70 (the recent price), an insider wanted to purchase shares. 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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Yew Ang was the only individual insider to buy shares in the last twelve months.

Yew Ang bought 1.84m shares over the last 12 months at an average price of S$328. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Union Steel Holdings is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Union Steel Holdings Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Union Steel Holdings insiders own 77% of the company, worth about S$64m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Union Steel Holdings Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Union Steel Holdings insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Union Steel Holdings. In terms of investment risks, we've identified 2 warning signs with Union Steel Holdings and understanding them should be part of your investment process.

Of course Union Steel Holdings 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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com