Yahoo Finance Insider Buying: The Secure Energy Services Inc. (TSE:SES) Chairman Just Bought CA$225k Worth Of Shares
Investors who take an interest in Secure Energy Services Inc. (TSE:SES) should definitely note that the Chairman, Rene Amirault, recently paid CA$3.75 per share to buy CA$225k worth of the stock. Although the purchase only increased their holding by 1.8%, it is still a solid purchase in our view.
Check out our latest analysis for Secure Energy Services
The Last 12 Months Of Insider Transactions At Secure Energy Services
In fact, the recent purchase by Rene Amirault was the biggest purchase of Secure Energy Services shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of CA$4.01. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Secure Energy Services insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid CA$803k for 159.75k shares. But they sold 33933 shares for CA$278k. Overall, Secure Energy Services insiders were net buyers last year. They paid about CA$5.03 on average. This is nice to see since it implies that insiders might see value around current prices. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Secure Energy Services insiders own about CA$27m worth of shares. That equates to 4.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Secure Energy Services Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Secure Energy Services we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Secure Energy Services, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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