Yahoo Finance Insider Buying: The Big Rock Brewery Inc. (TSE:BR) Vice President of Operations Just Bought 39% More Shares
Even if it's not a huge purchase, we think it was good to see that Sam Galick, the Vice President of Operations of Big Rock Brewery Inc. (TSE:BR) recently shelled out CA$72k to buy stock, at CA$5.79 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 39%.
View our latest analysis for Big Rock Brewery
The Last 12 Months Of Insider Transactions At Big Rock Brewery
In fact, the recent purchase by Sam Galick was the biggest purchase of Big Rock Brewery shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$5.22 (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. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid CA$297k for 51.01k shares. On the other hand they divested 166.00 shares, for CA$1.0k. In the last twelve months there was more buying than selling by Big Rock Brewery insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Big Rock Brewery is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Big Rock Brewery insiders own 5.7% of the company, worth about CA$2.1m. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Big Rock Brewery Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Big Rock Brewery stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Big Rock Brewery. When we did our research, we found 3 warning signs for Big Rock Brewery (1 is significant!) that we believe deserve your full attention.
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.