Yahoo Finance Insider Spends US$186k Buying More Shares In BGSF \
Investors who take an interest in BGSF, Inc. (NYSE:BGSF) should definitely note that the Independent Director, Douglas Hailey, recently paid US$9.31 per share to buy US$186k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 12%.
View our latest analysis for BGSF
The Last 12 Months Of Insider Transactions At BGSF
Notably, that recent purchase by Douglas Hailey is the biggest insider purchase of BGSF shares that we've seen in the last year. That means that even when the share price was higher than US$9.04 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Douglas Hailey was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. 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.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.5% of BGSF shares, worth about US$7.3m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At BGSF Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that BGSF insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing BGSF. For instance, we've identified 4 warning signs for BGSF (2 shouldn't be ignored) you should be aware of.
Of course BGSF may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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