Yahoo Finance Fairfax India Holdings Insiders Placed Bullish Bets Worth US$566.4k
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Fairfax India Holdings Corporation's (TSE:FIH.U) case, it's fantastic news for shareholders.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Fairfax India Holdings
The Last 12 Months Of Insider Transactions At Fairfax India Holdings
In the last twelve months, the biggest single purchase by an insider was when insider Brian Bradstreet bought US$232k worth of shares at a price of US$11.81 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$14.47. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$566k for 44.97k shares. On the other hand they divested 20.50k shares, for US$227k. In the last twelve months there was more buying than selling by Fairfax India Holdings insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Fairfax India Holdings 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.
Fairfax India Holdings Insiders Bought Stock Recently
At Fairfax India Holdings,over the last quarter, we have observed quite a lot more insider buying than insider selling. In total, two insiders bought US$309k worth of shares in that time. But we did see insider Brian Bradstreet sell shares worth US$227k. We think insiders may be optimistic about the future, since insiders have been net buyers of shares.
Does Fairfax India Holdings Boast High 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. From our data, it seems that Fairfax India Holdings insiders own 0.4% of the company, worth about US$7.8m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The Fairfax India Holdings Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Fairfax India Holdings insiders are expecting a bright future. Along with insider transactions, I recommend checking if Fairfax India Holdings is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.
