Yahoo Finance J. R. Ward Bought 8.4% More Shares In DATA Communications Management
Investors who take an interest in DATA Communications Management Corp. (TSE:DCM) should definitely note that the Independent Chairman of the Board, J. R. Ward, recently paid CA$3.16 per share to buy CA$632k worth of the stock. Although the purchase only increased their holding by 8.4%, it is still a solid purchase in our view.
See our latest analysis for DATA Communications Management
The Last 12 Months Of Insider Transactions At DATA Communications Management
Notably, that recent purchase by J. R. Ward is the biggest insider purchase of DATA Communications Management shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$3.22. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months insiders purchased 301.80k shares for CA$937k. On the other hand they divested 220.80k shares, for CA$695k. In the last twelve months there was more buying than selling by DATA Communications Management insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
DATA Communications Management 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 DATA Communications Management Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. DATA Communications Management insiders own about CA$41m worth of shares. That equates to 23% of the company. 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 DATA Communications Management Tell Us?
Insider buying and selling have balanced each other out in the last three months, so we can't deduct anything useful from these recent trades. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in DATA Communications Management and we see no evidence to suggest they are worried about the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that DATA Communications Management has 2 warning signs and it would be unwise to ignore them.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
