On September 24, 2024, R Whitmore, Director at Nanophase Technologies Corp (NANX, Financial), purchased 49,900 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,003,809 shares of Nanophase Technologies Corp.
Nanophase Technologies Corp is engaged in the development and provision of engineered nanomaterial solutions across a broad range of industries. The company's products address various applications including personal care, sunscreens, industrial coating applications, and abrasion-resistant additives.
The transaction occurred with the stock priced at $1.59, valuing the purchase at approximately $79,311. This acquisition has increased R Whitmore's holdings significantly, reflecting a strong commitment to the company's future. Over the past year, R Whitmore has purchased a total of 176,064 shares and has not sold any shares.
The insider transaction history for Nanophase Technologies Corp shows a pattern of insider confidence, with 16 insider buys and no sells over the past year.
Shares of Nanophase Technologies Corp were trading at $1.59 on the day of the transaction, giving the company a market cap of $106.888 million. According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.05.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This insider buy could signal a positive outlook from the insider on the company's current valuation and future prospects.
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.
