Yahoo Finance Kelt Exploration Ltd. (TSE:KEL) insiders have profited after buying stock worth CA$6.5m last year, current gains stand at CA$656k
Insiders who purchased Kelt Exploration Ltd. (TSE:KEL) shares in the past 12 months are unlikely to be deeply impacted by the stock's 8.3% decline over the past week. Even after accounting for the recent loss, the CA$6.5m worth of stock purchased by them is now worth CA$7.2m or in other words, their investment continues to give good returns.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Kelt Exploration
The Last 12 Months Of Insider Transactions At Kelt Exploration
In the last twelve months, the biggest single purchase by an insider was when CEO, President & Non-Independent Director David Wilson bought CA$4.1m worth of shares at a price of CA$5.31 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$6.17), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 1.16m shares worth CA$6.5m. But they sold 359.15k shares for CA$2.6m. Overall, Kelt Exploration insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Kelt Exploration Insiders Bought Stock Recently
At Kelt Exploration,over the last quarter, we have observed quite a lot more insider buying than insider selling. CEO, President & Non-Independent Director David Wilson spent CA$2.3m on stock. But insider Alan Franks sold shares worth CA$775k. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
Does Kelt Exploration Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Kelt Exploration insiders own about CA$201m worth of shares (which is 17% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Kelt Exploration Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Kelt Exploration. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kelt Exploration. Case in point: We've spotted 1 warning sign for Kelt Exploration you should be aware of.
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.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
