Yahoo Finance Insider Buying: The Kelt Exploration Ltd. (TSE:KEL) CEO, President & Non-Independent Director Just Bought 2.2% More Shares
Kelt Exploration Ltd. (TSE:KEL) shareholders (or potential shareholders) will be happy to see that the CEO, President & Non-Independent Director, David Wilson, recently bought a whopping CA$1.3m worth of stock, at a price of CA$2.68. While that only increased their holding size by 2.2%, it is still a big swing by our standards.
See our latest analysis for Kelt Exploration
Kelt Exploration Insider Transactions Over The Last Year
In fact, the recent purchase by CEO, President & Non-Independent Director David Wilson was not their only acquisition of Kelt Exploration shares this year. Earlier in the year, they paid CA$1.47 per share in a CA$7.3m purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$2.57. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Kelt Exploration insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Kelt Exploration 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 of Kelt Exploration
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 17% of Kelt Exploration shares, worth about CA$83m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Kelt Exploration Tell Us?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Kelt Exploration shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Kelt Exploration has 2 warning signs (1 can't be ignored!) that deserve your attention before going any further with your analysis.
Of course Kelt Exploration may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
