Yahoo Finance Had insiders known Major Drilling Group International Inc. (TSE:MDI) would hit CA$963m they might have invested more last year
Major Drilling Group International Inc. (TSE:MDI) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 12% resulting in a CA$101m addition to the company’s market value. In other words, the original CA$158k purchase is now worth CA$205k.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Major Drilling Group International
Major Drilling Group International Insider Transactions Over The Last Year
While no particular insider transaction stood out, we can still look at the overall trading.
In the last twelve months insiders purchased 17.60k shares for CA$158k. But they sold 11.54k shares for CA$121k. Overall, Major Drilling Group International insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Major Drilling Group International Insiders Are Selling The Stock
The last three months saw some Major Drilling Group International insider selling. In total, insiders sold CA$78k worth of shares in that time. But at least we saw CA$35k worth of buying. While it's not great to see insider selling, the net amount sold isn't enough for us to want to read anything into it.
Does Major Drilling Group International Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Major Drilling Group International insiders own 0.8% of the company, worth about CA$7.5m. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Major Drilling Group International Tell Us?
Insider selling has just outweighed insider buying in the last three months. But the difference is small, and thus, not concerning. However, our analysis of transactions over the last year is heartening. The transactions are fine but it'd be more encouraging if Major Drilling Group International insiders bought more shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Major Drilling Group International that deserve your attention before buying any shares.
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.
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.
