Yahoo Finance Insiders Give Up CA$59k As NorthStar Gaming Holdings Stock Drops To CA$0.035
The recent 13% drop in NorthStar Gaming Holdings Inc.'s (CVE:BET) stock could come as a blow to insiders who purchased CA$92.0k worth of stock at an average buy price of CA$0.098 over the past 12 months. Insiders invest with the hopes of seeing their money grow in value over time. However, as a result of recent losses, their initial investment is now only worth CA$32.7k, which is not what they expected.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for NorthStar Gaming Holdings
The Last 12 Months Of Insider Transactions At NorthStar Gaming Holdings
Notably, that recent sale by Paul Rivett is the biggest insider sale of NorthStar Gaming Holdings shares that we've seen in the last year. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$0.035. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 935.43k shares for CA$92k. But insiders sold 2.33m shares worth CA$86k. Overall, NorthStar Gaming Holdings insiders were net buyers during the last year. They paid about CA$0.098 on average. I'd consider this a positive as it suggests insiders see value at around the current price. 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!
NorthStar Gaming Holdings is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders At NorthStar Gaming Holdings Have Sold Stock Recently
Over the last three months, we've seen notably more insider selling, than insider buying, at NorthStar Gaming Holdings. In that time, insider Paul Rivett dumped CA$86k worth of shares. Meanwhile Chairman & CEO Michael Moskowitz bought CA$2.0k worth. The share price has moved a bit recently, but it's hard to argue that the selling is a positive.
Insider Ownership Of NorthStar Gaming Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 40% of NorthStar Gaming Holdings shares, worth about CA$2.9m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At NorthStar Gaming Holdings Tell Us?
Unfortunately, there has been more insider selling of NorthStar Gaming Holdings stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. 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. For instance, we've identified 6 warning signs for NorthStar Gaming Holdings (4 are significant) you should be aware of.
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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
