Yahoo Finance Insider Buying: The Neo Performance Materials Inc. (TSE:NEO) Independent Chairman of the Board Just Bought US$50k Worth Of Shares
Even if it's not a huge purchase, we think it was good to see that Claire M. Kennedy, the Independent Chairman of the Board of Neo Performance Materials Inc. (TSE:NEO) recently shelled out CA$50k to buy stock, at CA$12.10 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.
See our latest analysis for Neo Performance Materials
Neo Performance Materials Insider Transactions Over The Last Year
Notably, that recent purchase by Claire M. Kennedy is the biggest insider purchase of Neo Performance Materials shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is CA$13.97. 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. The good news for Neo Performance Materials share holders is that insiders were buying at near the current price.
While Neo Performance Materials insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Neo Performance Materials 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.
Insider Ownership of Neo Performance Materials
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From looking at our data, insiders own CA$2.0m worth of Neo Performance Materials stock, about 0.4% of the company. We prefer to see high levels of insider ownership.
What Might The Insider Transactions At Neo Performance Materials Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Neo Performance Materials insiders are expecting a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Neo Performance Materials. In terms of investment risks, we've identified 2 warning signs with Neo Performance Materials and understanding them should be part of your investment process.
But note: Neo Performance Materials 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. 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 (at) simplywallst.com.
