Yahoo Finance The Independent Chairman of the Board of Finning International Inc. (TSE:FTT), Harold Kvisle, Just Bought 14% More Shares
Investors who take an interest in Finning International Inc. (TSE:FTT) should definitely note that the Independent Chairman of the Board, Harold Kvisle, recently paid CA$32.71 per share to buy CA$164k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 14%.
Check out our latest analysis for Finning International
The Last 12 Months Of Insider Transactions At Finning International
In the last twelve months, the biggest single purchase by an insider was when President L. Thomson bought CA$291k worth of shares at a price of CA$30.61 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$32.77. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Finning International share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 25.83k shares for CA$837k. But they sold 12.83k shares for CA$442k. In the last twelve months there was more buying than selling by Finning International insiders. You can see a visual depiction of insider transactions (by companies and 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!
Finning International is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Finning International insiders own about CA$20m worth of shares. That equates to 0.4% of the company. 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 Finning International Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Finning International 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. Every company has risks, and we've spotted 2 warning signs for Finning International (of which 1 is potentially serious!) you should know about.
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.
