Co-Founder of Blu Label Unlimited Group Mark Levy Buys 8.7% More Shares
Blu Label Unlimited Group Limited (JSE:BLU) shareholders (or potential shareholders) will be happy to see that the Co-Founder, Mark Levy, recently bought a whopping R61m worth of stock, at a price of R7.90. While that only increased their holding size by 8.7%, it is still a big swing by our standards.
The Last 12 Months Of Insider Transactions At Blu Label Unlimited Group
In fact, the recent purchase by Mark Levy was the biggest purchase of Blu Label Unlimited Group shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of R8.50. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Blu Label Unlimited Group insiders decided to buy shares at close to current prices.
While Blu Label Unlimited Group insiders bought shares during the last year, they didn't sell. The average buy price was around R8.90. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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 Blu Label Unlimited Group
Blu Label Unlimited Group is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Blu Label Unlimited Group
Many investors like to check how much of a company is owned by 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. Blu Label Unlimited Group insiders own about R2.6b worth of shares (which is 34% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Blu Label Unlimited Group Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Blu Label Unlimited Group. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Blu Label Unlimited Group. Every company has risks, and we've spotted 2 warning signs for Blu Label Unlimited Group you should know about.
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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.