Yahoo Finance Jamieson Wellness Inc. (TSE:JWEL) insiders placed bullish bets worth CA$882k in the last 12 months
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Jamieson Wellness Inc.'s (TSE:JWEL) instance, it's good news for shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Jamieson Wellness
The Last 12 Months Of Insider Transactions At Jamieson Wellness
The Independent Chairman of the Board David Williams made the biggest insider purchase in the last 12 months. That single transaction was for CA$367k worth of shares at a price of CA$36.68 each. That means that an insider was happy to buy shares at around the current price of CA$37.98. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Jamieson Wellness insiders decided to buy shares at close to current prices.
Jamieson Wellness insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Jamieson Wellness 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
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.1% of Jamieson Wellness shares, worth about CA$16m. 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 Jamieson Wellness Insider Transactions Indicate?
The fact that there have been no Jamieson Wellness insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think Jamieson Wellness insiders are doubting the company, and they do own shares. 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. For example - Jamieson Wellness has 1 warning sign we think you should be aware of.
Of course Jamieson Wellness may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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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