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Independent Chair of the Board Glen Roane Just Bought 21% More Shares In Badger Daylighting Ltd. (TSE:BAD)

Simply Wall St

Investors who take an interest in Badger Daylighting Ltd. (TSE:BAD) should definitely note that the Independent Chair of the Board, Glen Roane, recently paid CA$26.00 per share to buy CA$260k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 21%.

See our latest analysis for Badger Daylighting

The Last 12 Months Of Insider Transactions At Badger Daylighting

In fact, the recent purchase by Glen Roane was the biggest purchase of Badger Daylighting shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of CA$27.40 per share to be enticing. 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. 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.

In the last twelve months Badger Daylighting insiders were buying shares, but not selling. They paid about CA$29.54 on average. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

TSX:BAD Recent Insider Trading May 19th 2020
TSX:BAD Recent Insider Trading May 19th 2020

Badger Daylighting 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.

Insider Ownership of Badger Daylighting

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.8% of Badger Daylighting shares, worth about CA$7.7m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Does This Data Suggest About Badger Daylighting Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Badger Daylighting insiders are expecting a bright future. 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. For example - Badger Daylighting has 2 warning signs we think you should be aware of.

Of course Badger Daylighting 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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. Thank you for reading.