Bullish insiders at Global Water Resources, Inc. (NASDAQ:GWRS) loaded up on US$2.8m of stock earlier this year

  • In Business
  • 2023-01-29 14:43:32Z
  • By Simply Wall St.

In the last year, multiple insiders have substantially increased their holdings of Global Water Resources, Inc. (NASDAQ:GWRS) stock, indicating that insiders' optimism about the company's prospects has increased.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Global Water Resources

Global Water Resources Insider Transactions Over The Last Year

The Director Andrew Cohn made the biggest insider purchase in the last 12 months. That single transaction was for US$1.5m worth of shares at a price of US$13.50 each. That implies that an insider found the current price of US$14.26 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Global Water Resources insiders decided to buy shares at close to current prices.

Global Water Resources insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Global Water Resources is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Global Water Resources Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 15% of Global Water Resources shares, worth about US$51m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Global Water Resources Insiders?

The fact that there have been no Global Water Resources insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Global Water Resources and their transactions don't cause us concern. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 3 warning signs for Global Water Resources (of which 2 can't be ignored!) you should know about.

Of course Global Water Resources 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, but not derivative transactions.

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.

Join A Paid User Research Session
You'll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here


More Related News

ZEAL Network SE
ZEAL Network SE's (ETR:TIMA) top owners are public companies with 32% stake, while 20% is held by hedge funds

Key Insights ZEAL Network's significant public companies ownership suggests that the key decisions are influenced by...

Institutional owners may ignore NatWest Group plc
Institutional owners may ignore NatWest Group plc's (LON:NWG) recent UK£1.4b market cap decline as longer-term profits stay in the green

Key Insights Institutions' substantial holdings in NatWest Group implies that they have significant influence over the...

Tintra PLC
Tintra PLC's (LON:TNT) recent UK£2.4m market cap decline means a loss of UK£5.6k for insiders who bought this year

Insiders who acquired UK£59k worth of Tintra PLC's ( LON:TNT ) stock at an average price of UK£1.38 in the past 12...

Institutional owners may consider drastic measures as easyJet plc
Institutional owners may consider drastic measures as easyJet plc's (LON:EZJ) recent UK£171m drop adds to long-term losses

Key Insights Given the large stake in the stock by institutions, easyJet's stock price might be vulnerable to their...

Bullish insiders at Genesis Minerals Limited (ASX:GMD) loaded up on AU$1.7m of stock earlier this year
Bullish insiders at Genesis Minerals Limited (ASX:GMD) loaded up on AU$1.7m of stock earlier this year

Multiple insiders secured a larger position in Genesis Minerals Limited ( ASX:GMD ) shares over the last 12 months...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


Top News: Business