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Potential Maverix Metals Inc. (TSE:MMX) shareholders may wish to note that the President, Ryan McIntyre, recently bought CA$131k worth of stock, paying CA$6.55 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 67%, potentially signalling some real optimism.
Maverix Metals Insider Transactions Over The Last Year
The CEO & Director Daniel O'Flaherty made the biggest insider purchase in the last 12 months. That single transaction was for CA$189k worth of shares at a price of CA$4.19 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$6.66. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 183.67k shares worth CA$912k. On the other hand they divested 20.50k shares, for CA$141k. Overall, Maverix Metals insiders were net buyers during the last year. The average buy price was around CA$4.97. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 9.4% of Maverix Metals shares, worth about CA$88m. 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 Maverix Metals Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Maverix Metals 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 Maverix Metals. Case in point: We've spotted 2 warning signs for Maverix Metals you should be aware of.
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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