MAC Copper Insider Lowered Holding By 71% During Last Year

From what we can see, insiders were net sellers in MAC Copper Limited's (NYSE:MTAL ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for MAC Copper

The Last 12 Months Of Insider Transactions At MAC Copper

The Independent Director, Rasmus Kristoffer Gerdeman, made the biggest insider sale in the last 12 months. That single transaction was for US$518k worth of shares at a price of US$10.36 each. That means that an insider was selling shares at slightly below the current price (US$10.80). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 71% of Rasmus Kristoffer Gerdeman's holding. Rasmus Kristoffer Gerdeman was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid US$303k for 25.08k shares. But they sold 50.00k shares for US$518k. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

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).

Does MAC Copper 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. We usually like to see fairly high levels of insider ownership. MAC Copper insiders own about US$27m worth of shares. That equates to 3.1% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About MAC Copper Insiders?

It doesn't really mean much that no insider has traded MAC Copper shares in the last quarter. Our analysis of MAC Copper insider transactions leaves us cautious. But we do like the fact that insiders own a fair chunk of the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for MAC Copper that deserve your attention before buying any shares.

But note: MAC Copper 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.