The Non-Executive Chairman of Advance NanoTek Limited (ASX:ANO), Lev Mizikovsky, Just Bought A Few More Shares

Potential Advance NanoTek Limited (ASX:ANO) shareholders may wish to note that the Non-Executive Chairman, Lev Mizikovsky, recently bought AU$257k worth of stock, paying AU$4.20 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Advance NanoTek

Advance NanoTek Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the MD, Company Secretary & Director, Geoffrey Acton, sold AU$1.3m worth of shares at a price of AU$6.00 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of AU$4.13. So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Geoffrey Acton.

In the last twelve months insiders purchased 412.63k shares for AU$1.7m. On the other hand they divested 233000 shares, for AU$1.4m. In total, Advance NanoTek insiders bought more than they sold over the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Advance NanoTek Boast High Insider Ownership?

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. It's great to see that Advance NanoTek insiders own 59% of the company, worth about AU$146m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Advance NanoTek Tell Us?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Advance NanoTek. Nice! 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. At Simply Wall St, we've found that Advance NanoTek has 2 warning signs (1 doesn't sit too well with us!) that deserve your attention before going any further with your analysis.

But note: Advance NanoTek may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

This article by Simply Wall St is general in nature. 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.

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