3 days ago
Stella-Jones Insiders Placed Bullish Bets Worth CA$1.07m
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Stella-Jones Inc. (TSE:SJ), that sends out a positive message to the company's shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
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Over the last year, we can see that the biggest insider sale was by the insider, James Manzi, for CA$464k worth of shares, at about CA$92.79 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$77.59. So it may not shed much light on insider confidence at current levels. James Manzi was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 15.17k shares worth CA$1.1m. But insiders sold 11.00k shares worth CA$955k. Overall, Stella-Jones insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
See our latest analysis for Stella-Jones
Stella-Jones is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
The last three months saw some Stella-Jones insider selling. insider James Manzi divested only CA$66k worth of shares in that time. It's not great to see insider selling, nor the lack of recent buyers. But the volume sold is so low that it really doesn't bother us.
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.2% of Stella-Jones shares, worth about CA$7.2m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
An insider hasn't bought Stella-Jones stock in the last three months, but there was some selling. On the other hand, the insider transactions over the last year are encouraging. Still, insiders don't own a great deal of the stock. So we can't be sure that insiders are optimistic. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Stella-Jones. For example, Stella-Jones has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
Of course Stella-Jones may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
