Yahoo Finance Bausch + Lomb Insider Ups Holding During Year
From what we can see, insiders were net buyers in Bausch + Lomb Corporation's (NYSE:BLCO ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Bausch + Lomb
The Last 12 Months Of Insider Transactions At Bausch + Lomb
Notably, that recent purchase by Brenton L. Saunders is the biggest insider purchase of Bausch + Lomb shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$15.85. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Bausch + Lomb insider decided to buy shares at close to current prices. Brenton L. Saunders was the only individual insider to buy during the last year.
Brenton L. Saunders bought 64.50k shares over the last 12 months at an average price of US$15.62. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Bausch + Lomb is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Bausch + Lomb Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Bausch + Lomb insiders own 0.2% of the company, worth about US$9.1m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Bausch + Lomb Insider Transactions Indicate?
The recent insider purchase is heartening. 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. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Bausch + Lomb insiders are expecting a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Bausch + Lomb.
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 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.
