Insider Spends CA$298k Buying More Shares In Jamieson Wellness
Potential Jamieson Wellness Inc. (TSE:JWEL) shareholders may wish to note that the Independent Chair, Timothy Penner, recently bought CA$298k worth of stock, paying CA$27.14 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 145%.
Check out our latest analysis for Jamieson Wellness
Jamieson Wellness Insider Transactions Over The Last Year
In fact, the recent purchase by Timothy Penner was the biggest purchase of Jamieson Wellness shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$26.77 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Jamieson Wellness insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Jamieson Wellness is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Jamieson Wellness
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.1% of Jamieson Wellness shares, worth about CA$13m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Jamieson Wellness Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Jamieson Wellness insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Jamieson Wellness. At Simply Wall St, we've found that Jamieson Wellness has 4 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.
Of course Jamieson Wellness 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. 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.
