Yahoo Finance The Executive VP & Head of Corporate Development of OceanaGold Corporation (TSE:OGC), Cody Whipperman, Just Bought 38% More Shares
Even if it's not a huge purchase, we think it was good to see that Cody Whipperman, the Executive VP & Head of Corporate Development of OceanaGold Corporation (TSE:OGC) recently shelled out CA$54k to buy stock, at CA$1.79 per share. That purchase might not be huge but it did increase their holding by 38%.
Check out our latest analysis for OceanaGold
OceanaGold Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director Craig Nelsen bought CA$309k worth of shares at a price of CA$3.09 per share. That means that even when the share price was higher than CA$2.32 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months OceanaGold insiders were buying shares, but not selling. Their average price was about CA$2.67. This is nice to see since it implies that insiders might see value around current prices. 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!
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).
Insider Ownership of OceanaGold
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that OceanaGold insiders own 0.7% of the company, worth about CA$10m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About OceanaGold Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of OceanaGold we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with OceanaGold and understanding it should be part of your investment process.
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.
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.
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. Thank you for reading.
