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Whilst it may not be a huge deal, we thought it was good to see that the Enerflex Ltd. (TSE:EFX) Independent Director, Kevin Reinhart, recently bought CA$100k worth of stock, for CA$5.00 per share. While that isn't the hugest buy, it actually boosted their shareholding by 94%, which is good to see.
The Last 12 Months Of Insider Transactions At Enerflex
Over the last year, we can see that the biggest insider purchase was by President of International Philip A. Pyle for CA$134k worth of shares, at about CA$7.05 per share. That means that an insider was happy to buy shares at above the current price of CA$4.96. 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. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
While Enerflex insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Enerflex is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Many investors like to check how much of a company is owned by 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. Based on our data, Enerflex insiders have about 0.6% of the stock, worth approximately CA$2.7m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Enerflex Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Enerflex insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Enerflex has 3 warning signs (and 2 which are concerning) we think you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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