On November 21, 2024, the Nicholas & Melinda Gerber Living Trust, a CEO and 10% Owner, purchased 50,000 shares of The Marygold Companies Inc (MGLD, Financial). Following this transaction, the insider now holds a total of 18,468,766 shares of the company. This purchase is part of a broader trend, as the insider has acquired a total of 218,751 shares over the past year without any sales.
The Marygold Companies Inc is engaged in providing financial services and products. The company operates in various sectors, including investment management and advisory services, offering a range of financial solutions to its clients.
The insider transaction history for The Marygold Companies Inc indicates a total of five insider buys and one insider sell over the past year. This recent purchase by the Nicholas & Melinda Gerber Living Trust aligns with the overall buying trend among insiders.
On the day of the purchase, shares of The Marygold Companies Inc were trading at $1.51, resulting in a market cap of $63.536 million. The stock's GF Value is estimated at $1.18, giving it a price-to-GF-Value ratio of 1.28. This suggests that the stock is significantly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts.
This insider buying activity by the Nicholas & Melinda Gerber Living Trust reflects a continued interest in The Marygold Companies Inc, despite the stock's current valuation status.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
