Yahoo Finance Pamela Laycock Buys Handful Of Shares In Corby Spirit and Wine
Whilst it may not be a huge deal, we thought it was good to see that the Corby Spirit and Wine Limited (TSE:CSW.A) Independent Director, Pamela Laycock, recently bought CA$92k worth of stock, for CA$13.15 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for Corby Spirit and Wine
The Last 12 Months Of Insider Transactions At Corby Spirit and Wine
In fact, the recent purchase by Pamela Laycock was the biggest purchase of Corby Spirit and Wine shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$12.97 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Over the last year, we can see that insiders have bought 9.70k shares worth CA$127k. On the other hand they divested 1.40k shares, for CA$20k. In the last twelve months there was more buying than selling by Corby Spirit and Wine insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Corby Spirit and Wine is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Corby Spirit and Wine Boast High Insider Ownership?
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. Based on our data, Corby Spirit and Wine insiders have about 0.4% of the stock, worth approximately CA$1.5m. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Corby Spirit and Wine Tell Us?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Corby Spirit and Wine stock. While it's good to be aware of 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. Our analysis shows 4 warning signs for Corby Spirit and Wine (1 can't be ignored!) and we strongly recommend you look at them before investing.
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
