CEO, Manager of Strive Asset Management Matthew Cole Buys 501% More Shares

Potential Strive Asset Management, LLC (NASDAQ:ASST) shareholders may wish to note that the CEO, Manager, Matthew Cole, recently bought US$226k worth of stock, paying US$0.81 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 501%, potentially signalling some real optimism.

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The Last 12 Months Of Insider Transactions At Strive Asset Management

In fact, the recent purchase by Matthew Cole was the biggest purchase of Strive Asset Management shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$0.83. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Strive Asset Management share holders is that insiders were buying at near the current price.

In the last twelve months Strive Asset Management insiders were buying shares, but not selling. The average buy price was around US$1.13. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for Strive Asset Management

Strive Asset Management 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.

Insider Ownership Of Strive Asset Management

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.6% of Strive Asset Management shares, worth about US$31m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Strive Asset Management Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Strive Asset Management we think they are probably pretty confident of a bright 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. To help with this, we've discovered 3 warning signs (1 is a bit unpleasant!) that you ought to be aware of before buying any shares in Strive Asset Management.

But note: Strive Asset Management 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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