Malibu Boats Insiders Added US$1.20m Of Stock To Their Holdings

Multiple insiders secured a larger position in Malibu Boats, Inc. (NASDAQ:MBUU) 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, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Malibu Boats

The Last 12 Months Of Insider Transactions At Malibu Boats

The Independent Director Mark Lanigan made the biggest insider purchase in the last 12 months. That single transaction was for US$669k worth of shares at a price of US$33.43 each. Even though the purchase was made at a significantly lower price than the recent price (US$38.61), we still think insider buying is a positive. 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.

Over the last year, we can see that insiders have bought 32.50k shares worth US$1.2m. But insiders sold 13.99k shares worth US$617k. In total, Malibu Boats insiders bought more than they sold over the last year. They paid about US$37.04 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. 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!

Malibu Boats is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Malibu Boats 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Malibu Boats insiders own 1.2% of the company, worth about US$9.6m. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Malibu Boats Tell Us?

It doesn't really mean much that no insider has traded Malibu Boats shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Malibu Boats insiders bought more shares in the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Malibu Boats 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.