Yahoo Finance Peter Anderson Bought 20% More Shares In Propel Holdings \
Even if it's not a huge purchase, we think it was good to see that Peter Anderson, the Independent Director of Propel Holdings Inc. (TSE:PRL) recently shelled out CA$74k to buy stock, at CA$7.37 per share. That purchase might not be huge but it did increase their holding by 20%.
Check out our latest analysis for Propel Holdings
Propel Holdings Insider Transactions Over The Last Year
The Co-Founder Noah Buchman made the biggest insider purchase in the last 12 months. That single transaction was for CA$450k worth of shares at a price of CA$7.15 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$7.10). 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. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. We note that Noah Buchman was both the biggest buyer and the biggest seller.
Happily, we note that in the last year insiders paid CA$604k for 84.88k shares. But insiders sold 75.88k shares worth CA$565k. In the last twelve months there was more buying than selling by Propel Holdings insiders. 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!
Propel Holdings 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.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Propel Holdings insiders own about CA$120m worth of shares (which is 49% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Propel Holdings Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Propel Holdings. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 3 warning signs for Propel Holdings (2 are concerning) you should be aware of.
But note: Propel Holdings 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.
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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