Potential Bonterra Energy Corp. (TSE:BNE) shareholders may wish to note that the Chairman & CEO, George Fink, recently bought CA$186k worth of stock, paying CA$3.67 for each share. Although the purchase only increased their holding by 1.2%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Bonterra Energy
In fact, the recent purchase by Chairman & CEO George Fink was not their only acquisition of Bonterra Energy shares this year. Earlier in the year, they paid CA$6.32 per share in a CA$415k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$3.57). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was George Fink.
George Fink bought 433.74k shares over the last 12 months at an average price of CA$5.15. 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!
Bonterra Energy is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bonterra Energy Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Bonterra Energy insiders own about CA$26m worth of shares. That equates to 22% 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 Bonterra Energy Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Bonterra Energy shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Bonterra Energy.
Of course Bonterra Energy 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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