Yahoo Finance A number of insiders bought GDI Integrated Facility Services Inc. (TSE:GDI) stock last year, which is great news for shareholders
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in GDI Integrated Facility Services Inc.'s (TSE:GDI) case, it's fantastic news for shareholders.
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.
View our latest analysis for GDI Integrated Facility Services
The Last 12 Months Of Insider Transactions At GDI Integrated Facility Services
The Executive Vice-President Jocelyn Trottier made the biggest insider purchase in the last 12 months. That single transaction was for CA$164k worth of shares at a price of CA$44.89 each. That implies that an insider found the current price of CA$46.56 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 GDI Integrated Facility Services insiders decided to buy shares at close to current prices. We note that Jocelyn Trottier was both the biggest buyer and the biggest seller.
Happily, we note that in the last year insiders paid CA$286k for 6.04k shares. But they sold 4.30k shares for CA$248k. In total, GDI Integrated Facility Services insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
GDI Integrated Facility Services is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
GDI Integrated Facility Services Insiders Bought Stock Recently
Over the last quarter, GDI Integrated Facility Services insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought CA$237k worth of shares. This is a positive in our book as it implies some confidence.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. GDI Integrated Facility Services insiders own about CA$150m worth of shares (which is 14% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The GDI Integrated Facility Services Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about GDI Integrated Facility Services. That's what I like to see! 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. To that end, you should learn about the 3 warning signs we've spotted with GDI Integrated Facility Services (including 1 which is concerning).
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, but not derivative transactions.
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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.
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