Yahoo Finance Insider Buying: The Dorel Industries Inc. (TSE:DII.B) Executive VP of Sales & Marketing and Director Just Bought 125% More Shares
Potential Dorel Industries Inc. (TSE:DII.B) shareholders may wish to note that the Executive VP of Sales & Marketing and Director, Jeff Segel, recently bought CA$244k worth of stock, paying CA$4.88 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 125%.
View our latest analysis for Dorel Industries
Dorel Industries Insider Transactions Over The Last Year
Notably, that recent purchase by Jeff Segel is the biggest insider purchase of Dorel Industries shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of CA$4.65. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Jeff Segel was the only individual insider to buy during the last year.
Jeff Segel bought 90.00k shares over the last 12 months at an average price of CA$5.88. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Dorel Industries 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.
Does Dorel Industries Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Dorel Industries insiders own about CA$29m worth of shares. That equates to 19% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Dorel Industries Insiders?
The recent insider purchase is heartening. 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. Given that insiders also own a fair bit of Dorel Industries we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for Dorel Industries 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.
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