Founder Michael Ye Just Bought 4.8% More Shares In Love Group Global Ltd (ASX:LVE)

Simply Wall St
·3 min read

Whilst it may not be a huge deal, we thought it was good to see that the Love Group Global Ltd (ASX:LVE) Founder, Michael Ye, recently bought AU$89k worth of stock, for AU$0.14 per share. However, it only increased their shares held by 4.8%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Love Group Global

Love Group Global Insider Transactions Over The Last Year

Notably, that recent purchase by Michael Ye is the biggest insider purchase of Love Group Global shares that we've seen in the last year. That implies that an insider found the current price of AU$0.15 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Love Group Global insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Michael Ye.

Michael Ye bought a total of 900.00k shares over the year at an average price of AU$0.13. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

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).

Insider Ownership of Love Group Global

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Love Group Global insiders own 52% of the company, worth about AU$3.2m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Love Group Global Insiders?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Love Group Global. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Love Group Global. For example, Love Group Global has 3 warning signs (and 2 which are concerning) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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