Even if it’s not a huge purchase, we think it was good to see that Paul Soubry, the President of NFI Group Inc. (TSE:NFI) recently shelled out US$101k to buy stock, at US$25.15 per share. However, we do note that it only increased their holding by 1.1%, and it wasn’t a huge purchase by absolute value, either.
NFI Group Insider Transactions Over The Last Year
The Independent Director, John Marinucci, made the biggest insider sale in the last 12 months. That single transaction was for CA$388k worth of shares at a price of CA$51.69 each. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$25.50. So it may not shed much light on insider confidence at current levels.
Over the last year, we can see that insiders have bought 42127 shares worth CA$1.4m. On the other hand they divested 13150 shares, for CA$568k. In the last twelve months there was more buying than selling by NFI Group insiders. You can see the insider transactions (by 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!
Insider Ownership of NFI Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.2% of NFI Group shares, worth about CA$35m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At NFI Group 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. When combined with notable insider ownership, these factors suggest NFI Group insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in NFI Group, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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.
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