Santa Fe Minerals Limited (ASX:SFM) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 14% resulting in a AU$8.2m addition to the company’s market value. As a result, the stock they originally bought for AU$200.0k is now worth AU$1.00m.
Although we don’t think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Notably, that recent purchase by Mark Jones is the biggest insider purchase of Santa Fe Minerals shares that we’ve seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.25. 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.
Santa Fe Minerals insiders may have bought shares in the last year, but they didn’t sell any. 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!
See our latest analysis for Santa Fe Minerals
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
It’s good to see that Santa Fe Minerals insiders have made notable investments in the company’s shares. In total, insiders bought AU$200k worth of shares in that time, and we didn’t record any sales whatsoever. This could be interpreted as suggesting a positive outlook.
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. Santa Fe Minerals insiders own about AU$8.3m worth of shares. That equates to 34% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Santa Fe Minerals shares, given these transactions (along with notable insider ownership of the company). 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. When we did our research, we found 5 warning signs for Santa Fe Minerals (4 can’t be ignored!) that we believe deserve your full attention.
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