Yari Minerals' Stephen Copulos Acquires 18% More Stock

Yahoo

11 hours ago

Even if it's not a huge purchase, we think it was good to see that Stephen Copulos, a Yari Minerals Limited (ASX:YAR) insider, recently shelled out AU$120k to buy stock, at AU$0.0092 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 18%.
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In fact, the recent purchase by Stephen Copulos was the biggest purchase of Yari Minerals shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of AU$0.013. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid AU$244k for 42.76m shares. On the other hand they divested 16.47m shares, for AU$60k. Overall, Yari Minerals insiders were net buyers during the last year. They paid about AU$0.0057 on average. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. 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!
See our latest analysis for Yari Minerals
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.
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. Yari Minerals insiders own about AU$1.6m worth of shares. That equates to 22% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Yari Minerals insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Yari Minerals. For instance, we've identified 4 warning signs for Yari Minerals (3 are a bit unpleasant) you should be aware of.
Of course Yari Minerals 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 of direct interests only, but not derivative transactions or indirect interests.
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