Yahoo Finance The Independent Director of CECO Environmental Corp. (NASDAQ:CECO), Richard Wallman, Just Bought 7.0% More Shares
Potential CECO Environmental Corp. (NASDAQ:CECO) shareholders may wish to note that the Independent Director, Richard Wallman, recently bought US$151k worth of stock, paying US$15.08 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 7.0%.
See our latest analysis for CECO Environmental
The Last 12 Months Of Insider Transactions At CECO Environmental
In fact, the recent purchase by Independent Director Richard Wallman was not their only acquisition of CECO Environmental shares this year. They previously made an even bigger purchase of US$179k worth of shares at a price of US$8.97 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$15.40. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Happily, we note that in the last year insiders paid US$678k for 80.36k shares. On the other hand they divested 11.00k shares, for US$127k. In total, CECO Environmental insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
CECO Environmental is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does CECO Environmental 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that CECO Environmental insiders own 7.8% of the company, worth about US$41m. 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 Do The CECO Environmental Insider Transactions Indicate?
Insider selling has just outweighed insider buying in the last three months. But the difference is small, and thus, not concerning. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in CECO Environmental and their transactions don't cause us concern. While we like knowing 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. At Simply Wall St, we found 1 warning sign for CECO Environmental that deserve your attention before buying any shares.
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, but not derivative transactions.
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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.
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