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Looking at Seascape Energy Asia plc's (LON:SEA ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Seascape Energy Asia Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Executive Chairman James Menzies bought UK£60k worth of shares at a price of UK£0.37 per share. That means that even when the share price was higher than UK£0.30 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was James Menzies.
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!
View our latest analysis for Seascape Energy Asia
Seascape Energy Asia 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 Seascape Energy Asia Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Seascape Energy Asia insiders own 11% of the company, worth about UK£2.2m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Seascape Energy Asia Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Seascape Energy Asia shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. The transactions are fine but it'd be more encouraging if Seascape Energy Asia insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Seascape Energy Asia. To that end, you should learn about the 4 warning signs we've spotted with Seascape Energy Asia (including 1 which makes us a bit uncomfortable).