Yahoo Finance Trade Alert: The Senior VP & CFO Of Gibson Energy Inc. (TSE:GEI), Sean Brown, Has Just Spent CA$182k Buying 11% More Shares
Investors who take an interest in Gibson Energy Inc. (TSE:GEI) should definitely note that the Senior VP & CFO, Sean Brown, recently paid CA$18.09 per share to buy CA$182k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 11%.
View our latest analysis for Gibson Energy
The Last 12 Months Of Insider Transactions At Gibson Energy
In the last twelve months, the biggest single purchase by an insider was when Independent Director Douglas Bloom bought CA$206k worth of shares at a price of CA$20.64 per share. That means that an insider was happy to buy shares at above the current price of CA$19.72. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months insiders purchased 36.66k shares for CA$706k. But insiders sold 150.00 shares worth CA$3.8k. In the last twelve months there was more buying than selling by Gibson Energy insiders. 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!
Gibson Energy 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 of Gibson Energy
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Gibson Energy insiders own about CA$13m worth of shares. That equates to 0.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Gibson Energy Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Gibson Energy shares, given these transactions (along with notable insider ownership of the company). 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. For example, Gibson Energy has 3 warning signs (and 1 which can't be ignored) we think you should know about.
Of course Gibson Energy 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.
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. 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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