Insiders of Basic-Fit NV (AMS: BFIT) profited after buying shares worth € 5.0million last year, current earnings stand at € 1.1million

Insiders who bought Basic-Fit NV (AMS: BFIT) over the past 12 months could probably not pay attention to the stock’s recent 5.2% drop. After factoring in the recent loss, the 5.0 million euros of shares they bought are now worth 6.1 million euros, indicating that their investment has generated a positive return.

While we never suggest that investors should base their decisions solely on what the directors of a company have done, logic dictates that you pay attention to whether insiders are buying or selling stocks.

See our latest analysis for Basic-Fit

Basic insider trading in the past year

Over the past year, we can see that the biggest insider buy-in has been made by Chairman of the Board and CEO René Moos for 5.0 million euros of shares, at around 34.00 euros per share. . We like to see buy, but this purchase was made well below the current price of € 41.56. Since the shares were bought at a lower price, this particular purchase doesn’t tell us much about what insiders think about the current price of the share.

You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!

ENXTAM: BFIT Insider Trading Volume November 19, 2021

There are many other companies in which insiders buy shares. You probably do not want to miss it free list of growing companies that insiders are buying.

Basic-Fit insider property

I like to watch how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. Strong insider ownership often makes company management more concerned with the interests of shareholders. Basic-Fit insiders own around 388 million euros in shares (or 14% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.

So what does this data suggest about basic insiders?

It doesn’t really mean much that no insider traded Basic-Fit shares in the past quarter. On a more positive note, transactions over the past year are encouraging. With strong insider ownership and encouraging transactions, it seems Basic-Fit insiders believe the company has merit. In addition to knowing the current insider trades, it is beneficial to identify the risks Basic-Fit faces. You would be interested to know that we have found 1 warning sign for Basic-Fit and we suggest you take a look.

Sure Basic-Fit may not be the best stock to buy. So you might want to see this free collection of high quality companies.

For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only 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 into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

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