Yahoo Finance Did Secure Energy Services Inc. (TSE:SES) Insiders Buy Up More Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Secure Energy Services Inc. (TSE:SES), you may well want to know whether insiders have been buying or selling.
Do Insider Transactions Matter?
It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.
Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’
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The Last 12 Months Of Insider Transactions At Secure Energy Services
In the last twelve months, the biggest single purchase by an insider was when Executive Vice President of Processing Corey Higham bought CA$70k worth of shares at a price of CA$7.00 per share. That implies that an insider found the current (approximate) price enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. Nonetheless, we consider it positive if insiders want to buy at around the current share price.
In the last twelve months insiders purchased 11.80k shares for CA$84k. On the other hand they divested 1.34k shares, for CA$11k. In the last twelve months there was more buying than selling by Secure Energy Services insiders. Their average price was about CA$7.16. It’s great to see insiders putting their own cash into the company’s stock, albeit at below the recent share price (CA$7.93). You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Are Secure Energy Services Insiders Buying Or Selling?
In the last quarter Executive Vice President of Processing Corey Higham sold CA$231 worth of equity. That’s not a lot. The net selling is so small that it’s hard to draw any conclusions from these recent transactions.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Secure Energy Services insiders own 3.9% of the company, worth about CA$44m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Secure Energy Services Insiders?
Insider selling has just outweighed insider buying in the last three months. But the difference is small, and thus, not concerning. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Secure Energy Services and their transactions don’t cause us concern. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Secure Energy Services.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
