Bullish insiders at Colliers International Group Inc. (TSE:CIGI) loaded up on US$24m of stock earlier this year
Multiple insiders secured a larger position in Colliers International Group Inc. (TSE:CIGI) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
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.
See our latest analysis for Colliers International Group
The Last 12 Months Of Insider Transactions At Colliers International Group
The Global Chairman & CEO Jay Hennick made the biggest insider purchase in the last 12 months. That single transaction was for CA$18m worth of shares at a price of CA$143 each. That means that an insider was happy to buy shares at around the current price of CA$149. Of course they may have changed their mind. But this suggests they are optimistic. 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.
Over the last year, we can see that insiders have bought 166.17k shares worth CA$24m. But they sold 99.90k shares for CA$18m. In the last twelve months there was more buying than selling by Colliers International Group insiders. 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!
Colliers International Group 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.
Insiders at Colliers International Group Have Bought Stock Recently
Over the last three months, we've seen significantly more insider buying, than insider selling, at Colliers International Group. In fact, two insiders bought CA$23m worth of shares. But we did see Independent Vice Chairman & Lead Director Peter Cohen sell shares worth CA$1.2m. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.
Insider Ownership of Colliers International Group
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's great to see that Colliers International Group insiders own 15% of the company, worth about CA$978m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Colliers International Group Insider Transactions Indicate?
It is good to see recent purchasing. 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. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Colliers International Group. Nice! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Colliers International Group.
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, but not derivative transactions.
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This 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.
