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Potential Stingray Group Inc. (TSE:RAY.A) shareholders may wish to note that the Independent Chairman, Mark Pathy, recently bought CA$435k worth of stock, paying CA$7.25 for each share. Although the purchase only increased their holding by 1.5%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Stingray Group
Notably, that recent purchase by Independent Chairman Mark Pathy was not the only time they bought Stingray Group shares this year. They previously made an even bigger purchase of CA$646k worth of shares at a price of CA$7.10 per share. That implies that an insider found the current price of CA$7.35 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Stingray Group insiders decided to buy shares at close to current prices.
In the last twelve months Stingray Group insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Stingray Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Stingray Group insiders own about CA$91m worth of shares. That equates to 17% 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.
What Might The Insider Transactions At Stingray Group Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Stingray Group insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Stingray Group. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Stingray Group.
But note: Stingray Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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, but not derivative transactions.
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.
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