Lead Independent Director David Wiadrowski Just Bought 50% More Shares In oOh!media Limited (ASX:OML)
Even if it's not a huge purchase, we think it was good to see that David Wiadrowski, the Lead Independent Director of oOh!media Limited (ASX:OML) recently shelled out AU$76k to buy stock, at AU$1.51 per share. That purchase might not be huge but it did increase their holding by 50%.
View our latest analysis for oOh!media
oOh!media Insider Transactions Over The Last Year
In fact, the recent purchase by David Wiadrowski was the biggest purchase of oOh!media shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$1.49). 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
oOh!media insiders may have bought shares in the last year, but they didn't sell any. 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!
oOh!media is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own AU$4.9m worth of oOh!media stock, about 0.5% of the company. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About oOh!media Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that oOh!media insiders are expecting a bright future. Of course, the future is what matters most. So if you are interested in oOh!media, you should check out this free report on analyst forecasts for the company.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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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.
