Yahoo Finance As Boralex Inc. (TSE:BLX) hits CA$4.2b market cap, insiders may be dismayed about not purchasing higher quantities
Last week, Boralex Inc. (TSE:BLX) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 5.8% last week, resulting in a CA$229m increase in the company's market worth. As a result, the stock they originally bought for CA$425k is now worth CA$452k.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Boralex
The Last 12 Months Of Insider Transactions At Boralex
In the last twelve months, the biggest single purchase by an insider was when President Patrick Decostre bought CA$99k worth of shares at a price of CA$36.00 per share. We do like to see buying, but this purchase was made at well below the current price of CA$40.76. 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$425k for 11.08k shares. But they sold 400.00 shares for CA$20k. Overall, Boralex insiders were net buyers during the last year. 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 always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Boralex Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Boralex. Not only was there no selling that we can see, but they collectively bought CA$284k worth of shares. This is a positive in our book as it implies some confidence.
Does Boralex Boast High Insider Ownership?
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 0.3% of Boralex shares, worth about CA$13m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Boralex Insider Transactions Indicate?
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 Boralex insiders are well aligned, and that they may think the share price is too low. 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. Case in point: We've spotted 2 warning signs for Boralex you should be aware of, and 1 of these is a bit concerning.
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.
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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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