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Even if it's not a huge purchase, we think it was good to see that Cheree Stephenson, the VP of Finance & CFO of Topaz Energy Corp. (TSE:TPZ) recently shelled out CA$57k to buy stock, at CA$14.56 per share. However, it only increased their shares held by 8.8%, and it wasn't a huge purchase by absolute value, either.
Topaz Energy Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Chairman Michael Rose for CA$1.9m worth of shares, at about CA$13.00 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$14.45. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Topaz Energy share holders is that insiders were buying at near the current price.
Over the last year, we can see that insiders have bought 209.36k shares worth CA$2.7m. But insiders sold 20.00k shares worth CA$282k. Overall, Topaz Energy insiders were net buyers during the last year. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Topaz Energy Boast High Insider Ownership?
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. Topaz Energy insiders own about CA$28m worth of shares. That equates to 1.7% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Topaz Energy Insiders?
The stark truth for Topaz Energy is that there has been more insider selling than insider buying in the last three months. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 3 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Topaz Energy.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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.
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