Whilst it may not be a huge deal, we thought it was good to see that the Riverstone Holdings Limited (SGX:AP4) Co-Founder, Teek Wong, recently bought S$114k worth of stock, for S$0.71 per share. However, we do note that it only increased their holding by 0.04%, and it wasn’t a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Riverstone Holdings
In fact, the recent purchase by Teek Wong was the biggest purchase of Riverstone Holdings shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of S$0.75 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Riverstone Holdings share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Teek Wong.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
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. Riverstone Holdings insiders own 69% of the company, currently worth about S$381m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Riverstone Holdings Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Riverstone Holdings. Nice! So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. In terms of investment risks, we’ve identified 1 warning sign with Riverstone Holdings and understanding it should be part of your investment process.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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