Whilst it may not be a huge deal, we thought it was good to see that Nadya Kasbaroglu, who is a company insider, recently bought CA$53k worth of stock, for CA$52.75 per share. That might not be a big purchase but it only increased their holding by 3.3%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At MTY Food Group
Over the last year, we can see that the biggest insider sale was by the Independent Director, Dickie Orr, for CA$426k worth of shares, at about CA$71.23 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$52.93. So it may not shed much light on insider confidence at current levels. Dickie Orr was the only individual insider to sell over the last year.
Over the last year, we can see that insiders have bought 3000 shares worth CA$162k. But they sold 6000 for CA$426k. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like MTY Food Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does MTY Food Group Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company 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. It's great to see that MTY Food Group insiders own 22% of the company, worth about CA$298m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At MTY Food Group Tell Us?
It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, MTY Food Group insiders are reasonably well aligned, and optimistic for the future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for MTY Food Group.
But note: MTY Food Group 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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