LARK Distilling Insider Boosted Their Stake by 256% Over the Past Year

August 05, 2024 10:01 AM AEST | By Team Kalkine Media

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LARK Distilling Insider Boosted Their Stake by 256% Over the Past Year — Image source: Shutterstock

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Highlights:

Significant Insider Buying: Over the past year, insiders at LARK Distilling Co. Ltd. (ASX:LRK) were net buyers, with Ming Tee Lee making the largest purchase of AU$3.0 million worth of shares at approximately AU$0.90 per share, close to the current price of AU$0.97.

Recent Insider Activity: In the last three months, insider buying has significantly outweighed selling, with Ming Tee Lee acquiring AU$3.0 million in stock and selling only AU$17,000 worth, suggesting optimism about the company's future.

High Insider Ownership: Insiders at LARK Distilling own 22% of the company, valued at about AU$18 million, indicating a reasonable degree of alignment with common shareholders and a leadership mindful of shareholder interests.

Over the past year, insider transactions at LARK Distilling Co. Ltd. (ASX:LRK) show that insiders were net buyers, with more shares purchased than sold. While investor decisions shouldn't be based solely on insider activities, it's prudent to consider insider buying or selling as a potential indicator.

The Last 12 Months of Insider Transactions at LARK Distilling

In the last year, the most significant insider purchase was by Ming Tee Lee, who bought AU$3.0 million worth of shares at approximately AU$0.90 per share. This purchase, close to the current price of AU$0.97, suggests optimism about the company's future. Notably, Ming Tee Lee was both the largest buyer and seller of shares, with their buying activity at prices near the current market value indicating continued confidence.

Recent Insider Buying at LARK Distilling

In the past three months, insider buying has significantly outweighed selling at LARK Distilling. Ming Tee Lee acquired AU$3.0 million in stock, while also selling shares worth AU$17,000. This trend of buying over selling suggests that insiders may have a positive outlook on the company's future performance.

Insider Ownership

Examining insider shareholdings can provide insight into how aligned company leadership is with shareholders. Insiders at LARK Distilling own 22% of the company, valued at about AU$18 million. This level of ownership indicates a reasonable degree of alignment with common shareholders, fostering a leadership that is mindful of shareholder interests.

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