Whilst it may not be a huge deal, we thought it was good to see that the Maverix Metals Inc. (TSE:MMX) President, Ryan McIntyre, recently bought CA$60k worth of stock, for CA$6.05 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 50%.
Maverix Metals Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when CEO & Director Daniel O'Flaherty bought CA$189k worth of shares at a price of CA$4.19 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$5.90. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid CA$622k for 139.10k shares. On the other hand they divested 12500 shares, for CA$80k. Overall, Maverix Metals insiders were net buyers during the last year. 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!
Maverix Metals is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Maverix Metals
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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 12% of Maverix Metals shares, worth about CA$82m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Maverix Metals Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Maverix Metals shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Maverix Metals has 1 warning sign we think you should be aware of.
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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