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Andrew Peller Limited (TSE:ADW.A) Insiders Increased Their Holdings

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in Andrew Peller Limited (TSE:ADW.A).

What Is Insider Buying?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, such insiders must disclose their trading activities, and not trade on inside information.

Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’

View our latest analysis for Andrew Peller

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The Last 12 Months Of Insider Transactions At Andrew Peller

Director Andrew Peller made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.7m worth of shares at a price of CA$11.01 each. Even though the purchase was made at a significantly lower price, we still think insider buying is a positive. It may not shed much light on insider confidence at the current share price.

In the last twelve months insiders purchased 157.44k shares for CA$1.8m. But they sold 1.60k for CA$29k. In total, Andrew Peller insiders bought more than they sold over the last year. The average buy price was around CA$11.27. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today’s share price. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSX:ADW.A Insider Trading January 20th 19
TSX:ADW.A Insider Trading January 20th 19

Andrew Peller is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Are Andrew Peller Insiders Buying Or Selling?

Over the last three months, we’ve seen a bit of insider buying at Andrew Peller. Insiders shelled out CA$8.8k for shares in that time. It’s great to see that insiders are only buying, not selling. But the amount invested in the last three months isn’t enough for us too put much weight on it, as a single factor.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 14% of Andrew Peller shares, worth about CA$91m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Andrew Peller Tell Us?

Insider purchases have outweighed sales, in the last three months. But the difference isn’t much. But insiders have shown more of an appetite for the stock, over the last year. Overall we don’t see anything to make us think Andrew Peller insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in Andrew Peller, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.

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