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From what we can see, insiders were net buyers in ESGL Holdings Limited's (NASDAQ:ESGL ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for ESGL Holdings
The Last 12 Months Of Insider Transactions At ESGL Holdings
The Chairman & CEO Leng Chuang Quek made the biggest insider purchase in the last 12 months. That single transaction was for US$96k worth of shares at a price of US$0.50 each. Even though the purchase was made at a significantly lower price than the recent price (US$1.11), we still think insider buying is a positive. 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.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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 undervalued small cap companies that insiders are buying.
Insider Ownership Of ESGL Holdings
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. ESGL Holdings insiders own 72% of the company, currently worth about US$20m based on the recent share price. 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 ESGL Holdings Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, ESGL Holdings insiders feel good about the company's future. 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. To help with this, we've discovered 3 warning signs (2 make us uncomfortable!) that you ought to be aware of before buying any shares in ESGL Holdings.
Of course ESGL Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.