Yahoo Finance Insider Buying: The Russel Metals Inc. (TSE:RUS) Non-Independent Director Just Bought CA$179k Worth Of Shares
Potential Russel Metals Inc. (TSE:RUS) shareholders may wish to note that the Non-Independent Director, Brian Hedges, recently bought CA$179k worth of stock, paying CA$17.95 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 8.2%.
Check out our latest analysis for Russel Metals
The Last 12 Months Of Insider Transactions At Russel Metals
Notably, that recent purchase by Non-Independent Director Brian Hedges was not the only time they traded Russel Metals shares this year. Earlier in the year, they sold shares at a price ofCA$22.80 per share in a -CA$205.0k transaction. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$16.65. So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid CA$1.2m for 62.33k shares. On the other hand they divested 10366 shares, for CA$235k. In total, Russel Metals insiders bought more than they sold over the last year. Their average price was about CA$19.96. These transactions suggest that insiders have considered the current price attractive. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
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. We usually like to see fairly high levels of insider ownership. Insiders own 1.2% of Russel Metals shares, worth about CA$12m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Russel Metals Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Russel Metals 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. At Simply Wall St, we found 4 warning signs for Russel Metals that deserve your attention before buying any shares.
But note: Russel Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
