32% of this insider's shares in Finbar Group were sold.

March 04, 2025 04:06 PM AEDT | By Team Kalkine Media

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32% of this insider's shares in Finbar Group were sold. — Image source: Shutterstock

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Highlights

Insiders at ASX:FRI were net sellers over the past year.

Key insider sale was significantly above current market price.

Insiders own around 16% of the company, indicating management alignment.

In the last year, insider transactions at Finbar Group Limited (ASX:FRI) reveal that insiders were predominantly selling shares. Among these transactions, the most significant was by insider Calogero Rubino, who sold AU$4.1 million worth of shares at approximately AU$0.83 each. While insider sales can often raise eyebrows, it's noteworthy that Rubino's sale price was well above the current market price of AU$0.74, somewhat softening concern about insider confidence at current price levels.

Calogero Rubino was notably the sole insider to part with shares in the past year, unloading 9 million shares at an average price of AU$0.80. These transactions are visually depicted in the chart available, detailing who sold, how much, and when.

Looking at ownership, Finbar Group insiders collectively possess shares valued at approximately AU$32 million, corresponding to 16% of the company, which suggests management alignment with shareholder interests.

Though recent insider activity doesn't offer much by way of optimism, the level of insider ownership provides some reassurance. However, it's essential for investors to keep in mind potential investment risks and to consider these transactions as part of a broader analysis strategy.

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