Marc Beer Bought 122% More Shares In biote
biote Corp. Class A BTMD | 0.00 |
Investors who take an interest in biote Corp. (NASDAQ:BTMD) should definitely note that the Executive Chairman, Marc Beer, recently paid US$1.53 per share to buy US$202k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 122%.
The Last 12 Months Of Insider Transactions At biote
Notably, that recent purchase by Marc Beer is the biggest insider purchase of biote shares that we've seen in the last year. That means that even when the share price was higher than US$1.49 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Marc Beer was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of biote
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. Insiders own 11% of biote shares, worth about US$5.8m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The biote Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that biote insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing biote. For example, biote has 6 warning signs (and 2 which can't be ignored) we think you should know about.
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.
