Independent Director Richard Wallman Just Bought 16% More Shares In CECO Environmental Corp. (NASDAQ:CECE)
Investors who take an interest in CECO Environmental Corp. (NASDAQ:CECE) should definitely note that the Independent Director, Richard Wallman, recently paid US$8.97 per share to buy US$179k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 16%.
Check out our latest analysis for CECO Environmental
The Last 12 Months Of Insider Transactions At CECO Environmental
Notably, that recent purchase by Independent Director Richard Wallman was not the only time they bought CECO Environmental shares this year. They previously made an even bigger purchase of US$183k worth of shares at a price of US$6.10 per share. Even though the purchase was made at a significantly lower price than the recent price (US$9.54), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
CECO Environmental insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
CECO Environmental is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that CECO Environmental insiders own 7.7% of the company, worth about US$25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At CECO Environmental Tell Us?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in CECO Environmental 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. In terms of investment risks, we've identified 1 warning sign with CECO Environmental and understanding this should be part of your investment process.
But note: CECO Environmental 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, 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.
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