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Insiders who purchased Thunderbird Entertainment Group Inc. (CVE:TBRD) shares in the past 12 months are unlikely to be deeply impacted by the stock's 13% decline over the past week. After taking the recent loss into consideration, the CA$151k worth of stock they bought is now worth CA$155k, indicating that their investment yielded a positive return.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Thunderbird Entertainment Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when insider Brian Paes-Braga bought CA$87k worth of shares at a price of CA$4.40 per share. That implies that an insider found the current price of CA$4.42 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Thunderbird Entertainment Group insider decided to buy shares at close to current prices. Brian Paes-Braga was the only individual insider to buy shares in the last twelve months.
Brian Paes-Braga purchased 35.00k shares over the year. The average price per share was CA$4.33. 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.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Thunderbird Entertainment Group insiders own 12% of the company, worth about CA$26m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Thunderbird Entertainment Group Insider Transactions Indicate?
It doesn't really mean much that no insider has traded Thunderbird Entertainment Group shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Thunderbird Entertainment Group and their transactions don't cause us concern. 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. While conducting our analysis, we found that Thunderbird Entertainment Group has 1 warning sign and it would be unwise to ignore it.
But note: Thunderbird Entertainment Group 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.