Stock Analysis

Trade Alert: The Executive Chairman of the Board Of Exco Technologies Limited (TSE:XTC), Brian Robbins, Has Just Spent CA$129k Buying A Few More Shares

  •  Updated
TSX:XTC
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Whilst it may not be a huge deal, we thought it was good to see that the Exco Technologies Limited (TSE:XTC) Executive Chairman of the Board, Brian Robbins, recently bought CA$129k worth of stock, for CA$6.45 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

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Exco Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Executive Chairman of the Board Brian Robbins was not the only time they bought Exco Technologies shares this year. They previously made an even bigger purchase of CA$656k worth of shares at a price of CA$7.45 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$6.87). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

Happily, we note that in the last year insiders paid CA$1.0m for 144.70k shares. But they sold 5.00k shares for CA$34k. In total, Exco Technologies insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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TSX:XTC Insider Trading Volume August 20th 2020

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

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 28% of Exco Technologies shares, worth about CA$78m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Exco Technologies Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Exco Technologies shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Exco Technologies.

Of course Exco Technologies 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.

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