Alan Hibben Is The Independent Chairman of Home Capital Group Inc. (TSE:HCG) And They Just Picked Up 16% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Home Capital Group Inc. (TSE:HCG) Independent Chairman, Alan Hibben, recently bought CA$75k worth of stock, for CA$37.50 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 16%.

View our latest analysis for Home Capital Group

Home Capital Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider James Pelletier bought CA$106k worth of shares at a price of CA$28.32 per share. We do like to see buying, but this purchase was made at well below the current price of CA$37.45. 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.

In the last twelve months insiders purchased 8.75k shares for CA$270k. But they sold 4.44k shares for CA$147k. In the last twelve months there was more buying than selling by Home Capital Group insiders. The chart below shows insider transactions (by companies and 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!

insider-trading-volume

Home Capital Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Home Capital Group

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.6% of Home Capital Group shares, worth about CA$11m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Home Capital Group Insiders?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Home Capital Group and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Home Capital Group. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Home Capital Group.

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. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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