Whilst it may not be a huge deal, we thought it was good to see that the OPAL Fuels Inc. (NASDAQ:OPAL) Independent Director, Scott Dols, recently bought US$77k worth of stock, for US$2.04 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 19%.

The Last 12 Months Of Insider Transactions At OPAL Fuels

The Co-Chief Executive Officer Adam Comora made the biggest insider purchase in the last 12 months. That single transaction was for US$92k worth of shares at a price of US$2.32 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$2.16). 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. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

OPAL Fuels insiders may have bought shares in the last year, but they didn't sell any. 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of OPAL Fuels

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that OPAL Fuels insiders own about US$6.1m worth of shares (which is 1.7% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The OPAL Fuels Insider Transactions Indicate?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on OPAL Fuels stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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 of direct interests only, but not derivative transactions or indirect interests.

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.