Yahoo Finance How Much Are Uni-Select Inc. (TSE:UNS) Insiders Spending On Buying Shares?
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We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Uni-Select Inc. (TSE:UNS), you may well want to know whether insiders have been buying or selling.
What Is Insider Selling?
It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, rules govern insider transactions, and certain disclosures are required.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.’
See our latest analysis for Uni-Select
The Last 12 Months Of Insider Transactions At Uni-Select
In the last twelve months, the biggest single purchase by an insider was when Non-Independent Non-Executive Director Richard Roy bought CA$98k worth of shares at a price of CA$19.59 per share. That means that even when the share price was higher, an insider wanted to purchase shares. It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. We generally consider it a positive if insiders have been buying on market, even above the current price.
Happily, we note that in the last year insiders bought 12.00k shares for a total of CA$238k. In the last twelve months there was more buying than selling by Uni-Select insiders. The average buy price was around CA$19.87. I’d consider this a positive as it suggests insiders see value at around the current price, which is CA$19.32. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like Uni-Select better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Uni-Select Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Our data suggests Uni-Select insiders own 0.3% of the company, worth about CA$2.1m. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Uni-Select Insiders?
The fact that there have been no Uni-Select insider transactions recently certainly doesn’t bother us. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it’d be more encouraging if Uni-Select insiders bought more shares in the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Uni-Select.
But note: Uni-Select 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.
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
