Insider stock buying at Melcor Developments Ltd. (TSE:MRD) has reached CA$993k, indicating a positive sign for shareholders. While insider transactions may not be the most crucial factor for long-term investing, it is still worth monitoring what insiders are doing.
The largest insider purchase in the past year was made by CEO & Executive Chairman Timothy Melton, who bought shares worth CA$371k at approximately CA$12.35 per share. This shows that even when the share price was higher than the recent price of CA$11.35, an insider still wanted to purchase shares. This suggests that the insider is bullish about the company, although it’s possible they may have some regrets. The price at which insiders buy shares is always worth considering. It is generally more encouraging if they pay more than the current price, as it indicates that they see value in the company even at higher levels.
Insiders have bought a total of 88.10k shares worth CA$993k over the past year, while selling 4.73k shares worth CA$54k. Overall, the insiders at Melcor Developments have bought more shares than they have sold in the past year. This indicates a positive sentiment among insiders. The graph below illustrates the insider transactions over the past year. You can click on the graph to obtain more information about who sold, at what price, and when.
Melcor Developments is not the only company where insiders are buying. If you are looking for winning investments, you can refer to a free list of growing companies with recent insider purchases.
It is also important to consider the total insider shareholding in a company when forming an opinion about its alignment with shareholders. Insiders of Melcor Developments own shares worth approximately CA$46m, which accounts for 13% of the company. This level of insider ownership is significant and indicates a reasonable degree of alignment between insiders and common shareholders.
Although there haven’t been any insider transactions in the last three months, this doesn’t necessarily mean anything significant. However, insiders have displayed a greater interest in the stock over the past year. The fact that insiders continue to own shares in Melcor Developments suggests that they are not concerned about the future of the company.
While it is essential to keep track of insider buying and selling activities, it is also crucial to be aware of the risks that a particular company may face. In the case of Melcor Developments, there are three warning signs worth considering. Make sure to take a look at them, along with other factors, before making any investment decisions.
In conclusion, insider stock buying at Melcor Developments has reached CA$993k, with the CEO & Executive Chairman leading the way. The total insider shareholding in the company shows a reasonable degree of alignment between insiders and shareholders. While insider transactions should not be the sole basis for investment decisions, they provide valuable insights into the sentiment of insiders.
