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Last week, TIMIA Capital Corp. (CVE:TCA) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 35% last week, resulting in a CA$8.1m increase in the company's market worth. As a result, their original purchase of CA$218k worth of stock is now worth CA$454k.
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.
TIMIA Capital Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Paul Geyer bought CA$66k worth of shares at a price of CA$0.22 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.46. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
TIMIA Capital insiders may have bought shares in the last year, but they didn't sell any. 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!
TIMIA Capital is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Are TIMIA Capital Insiders Buying Or Selling?
Independent Director Paul Geyer bought just CA$1.2k worth of shares in that time. That's not much at all. So it is hard to draw any conclusion about how insiders are feeling about the stock, from these recent trades.
Does TIMIA Capital Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 39% of TIMIA Capital shares, worth about CA$9.6m. 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 TIMIA Capital 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. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think TIMIA Capital insiders are doubting the company, and they do own shares. 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 6 warning signs for TIMIA Capital (1 doesn't sit too well with us) you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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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