a day ago
Insider Spends CA$104k Buying More Shares In Richards Packaging Income Fund
Whilst it may not be a huge deal, we thought it was good to see that the Richards Packaging Income Fund (TSE: CEO, President & Trustee, John Glynn, recently bought CA$104k worth of stock, for CA$32.49 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 25%.
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Notably, that recent purchase by John Glynn is the biggest insider purchase of Richards Packaging Income Fund shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$32.56. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
Richards Packaging Income Fund insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Richards Packaging Income Fund
Richards Packaging Income Fund is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Richards Packaging Income Fund insiders own 5.6% of the company, worth about CA$20m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Richards Packaging Income Fund shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Richards Packaging Income Fund.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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