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Have Insiders Been Selling High Arctic Energy Services Inc (TSE:HWO) Shares?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So we’ll take a look at whether insiders have been buying or selling shares in High Arctic Energy Services Inc (TSE:HWO).

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, most countries require that the company discloses such transactions to the market.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Columbia University study found that ‘insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers’.

Check out our latest analysis for High Arctic Energy Services

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High Arctic Energy Services Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by Director Steven Vasey for CA$79k worth of shares, at about CA$4.06 per share. So what is clear is that an insider saw fit to sell at around the current price of CA$3.69. They might be selling for a variety of reasons, but it’s hard to argue this is a bullish sign. Arguably, insider selling at around current prices should give us reason to reflect on whether the stock is fully valued at the moment. Steven Vasey was the only individual insider to sell over the last year.

Steven Vasey sold a total of 35.70k shares over the year at an average price of CA$3.96. You can see a visual depiction of insider transactions (by 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!

TSX:HWO Insider Trading January 16th 19
TSX:HWO Insider Trading January 16th 19

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of High Arctic Energy Services

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. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 4.6% of High Arctic Energy Services shares, worth about CA$8.2m, 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 High Arctic Energy Services Insiders?

There haven’t been any insider transactions in the last three months — that doesn’t mean much. Our analysis of High Arctic Energy Services insider transactions leaves us unenthusiastic. And usually insiders own more stock in the company, according to our data. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

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.

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.

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