Brian Bonar, the Chief Executive Officer of Dalrada Financial Corp (OTC:DFCO), has recently made several stock acquisitions, according to a Form 4 filing with the Securities and Exchange Commission. Between August 12 and October 11, Bonar purchased a total of 62,977 shares, amounting to $8,696. The purchase prices ranged from $0.0989 to $0.175 per share.
These acquisitions have increased Bonar's direct ownership to 6,330,925 shares of Dalrada Financial. The transactions reflect Bonar's continued investment in the company, as he has consistently added to his holdings over the past few months. Dalrada Financial Corp is based in Escondido, California, and operates within the help supply services sector.
InvestingPro Insights
Brian Bonar's recent stock acquisitions in Dalrada Financial Corp (OTC:DFCO) come at a time when the company faces significant challenges, as revealed by InvestingPro data. Despite Bonar's confidence in the company, as demonstrated by his increased holdings, DFCO's financial metrics paint a complex picture.
According to InvestingPro data, DFCO has experienced substantial revenue growth, with a 42.21% increase in the last twelve months as of Q3 2024. This growth is noteworthy, especially considering the company's market capitalization of just $11.11 million. However, this expansion hasn't translated into profitability, as evidenced by the negative operating income margin of -64.49% for the same period.
InvestingPro Tips highlight some concerning aspects of DFCO's financial health. The company "operates with a significant debt burden" and "may have trouble making interest payments on debt." These factors could explain why the stock "has fared poorly over the last month" and "has taken a big hit over the last six months," with a 54.84% price decline in the latter period.
Investors should note that DFCO's stock "generally trades with high price volatility," which aligns with the recent sharp declines in share price. The company's price-to-book ratio of 1.27 suggests that the market values the company slightly above its book value, despite its current challenges.
For those interested in a more comprehensive analysis, InvestingPro offers 11 additional tips for DFCO, providing a deeper understanding of the company's financial situation and market performance.
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