13-02-2025
dentalcorp Holdings Insiders Placed Bullish Bets Worth CA$748.7k
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 dentalcorp Holdings Ltd. (TSE:DNTL), that sends out a positive message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for dentalcorp Holdings
Over the last year, we can see that the biggest insider purchase was by Independent Lead Director Jeffrey Rosenthal for CA$397k worth of shares, at about CA$7.94 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$7.77). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months dentalcorp Holdings insiders were buying shares, but not selling. 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!
dentalcorp Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
It's good to see that dentalcorp Holdings insiders have made notable investments in the company's shares. We can see that Independent Director Robert Wolf paid CA$82k for shares in the company. No-one sold. This is a positive in our book as it implies some confidence.
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 5.3% of dentalcorp Holdings shares, worth about CA$80m. 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 purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of dentalcorp Holdings we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for dentalcorp Holdings.
But note: dentalcorp Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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