Have Savaria Insiders Been Selling Stock?

Anyone interested in Savaria Corporation (TSE:SIS) should probably be aware that the Independent Director, Sylvain Dumoulin, recently divested CA$225k worth of shares in the company, at an average price of CA$22.50 each. That sale was 11% of their holding, so it does make us raise an eyebrow.

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Savaria Insider Transactions Over The Last Year

The Executive Chairman of the Board Marcel Bourassa made the biggest insider purchase in the last 12 months. That single transaction was for CA$827k worth of shares at a price of CA$16.53 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$22.52. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 112.00k shares worth CA$1.9m. But insiders sold 44.33k shares worth CA$923k. In total, Savaria insiders bought more than they sold over the last year. 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!

See our latest analysis for Savaria

Savaria is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

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. Savaria insiders own 17% of the company, currently worth about CA$279m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Savaria Insiders?

An insider sold Savaria shares recently, but they didn't buy any. But we take heart from prior transactions. And insider ownership remains quite considerable. So we're happy to look past recent trading. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Savaria.

But note: Savaria 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 of direct interests only, but not derivative transactions or indirect interests.

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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.