Yahoo Finance Scott Taylor Is The VP, CFO and Director of Corporate Accounting & Treasury of Winpak Ltd. (TSE:WPK) And They Just Picked Up 175% More Shares
Even if it's not a huge purchase, we think it was good to see that Scott Taylor, the VP, CFO and Director of Corporate Accounting & Treasury of Winpak Ltd. (TSE:WPK) recently shelled out CA$69k to buy stock, at CA$39.67 per share. Even though that isn't a massive buy, it did increase their holding by 175%, which is arguably a good sign.
View our latest analysis for Winpak
The Last 12 Months Of Insider Transactions At Winpak
Notably, that recent purchase by Scott Taylor is the biggest insider purchase of Winpak shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$40.64. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Winpak share holders is that insiders were buying at near the current price.
Happily, we note that in the last year insiders paid CA$103k for 2.55k shares. But they sold 987.00 shares for CA$41k. In total, Winpak insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of Winpak
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.4% of Winpak shares, worth about CA$12m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Winpak Insider Transactions Indicate?
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Winpak and their transactions don't cause us concern. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Winpak.
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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