Yahoo Finance Trade Alert: The Independent Chairman Of Neptune Wellness Solutions Inc. (TSE:NEPT), John Moretz, Has Just Spent CA$54k Buying Shares
Whilst it may not be a huge deal, we thought it was good to see that the Neptune Wellness Solutions Inc. (TSE:NEPT) Independent Chairman, John Moretz, recently bought CA$54k worth of stock, for CA$2.38 per share. That might not be a big purchase but it only increased their holding by 0.6%, and could be interpreted as a good sign.
View our latest analysis for Neptune Wellness Solutions
Neptune Wellness Solutions Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Chairman John Moretz was not the only time they bought Neptune Wellness Solutions shares this year. Earlier in the year, they paid CA$5.74 per share in a CA$3.9m purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$2.40). 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. We always take careful note of the price insiders pay when purchasing 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.
In the last twelve months insiders purchased 1.32m shares for CA$7.2m. But insiders sold 88816 shares worth CA$330k. In total, Neptune Wellness Solutions insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
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. We usually like to see fairly high levels of insider ownership. Neptune Wellness Solutions insiders own about CA$33m worth of shares. That equates to 14% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Neptune Wellness Solutions Tell Us?
Insider purchases may have been minimal, in the last three months, but there was no selling at all. 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 Neptune Wellness Solutions insiders are doubting the company, and they do own shares. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Neptune Wellness Solutions.
Of course Neptune Wellness Solutions may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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