Yahoo Finance Who Has Been Buying Interfor Corporation (TSE:IFP) Shares?
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We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in Interfor Corporation (TSE:IFP).
What Is Insider Buying?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’
See our latest analysis for Interfor
Interfor Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Senior Vice President of Sales & Marketing J. Bender for CA$119k worth of shares, at about CA$14.24 per share. That means that an insider was happy to buy shares at around the current price. Of course they may have changed their mind. But this suggests they are optimistic. Nonetheless, we consider it positive if insiders want to buy at around the current share price.
In the last twelve months insiders paid CA$405k for 23.99k shares purchased. In total, Interfor insiders bought more than they sold over the last year. They paid about CA$16.90 on average. This is nice to see since it implies that insiders might see value around current prices (around CA$16.16). You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like Interfor better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Interfor 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. Our data indicates that Interfor insiders own about CA$12m worth of shares (which is 1.1% of the company). Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!
So What Does This Data Suggest About Interfor Insiders?
It doesn’t really mean much that no insider has traded Interfor shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Interfor and their transactions don’t cause us concern. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned. On rare occasion, data errors may occur. Thank you for reading.
