Savaria Chief Legal Officer & Corporate Secretary Sylvain Aubry Sells 81% Of Holding

Anyone interested in Savaria Corporation (TSE:SIS) should probably be aware that the Chief Legal Officer & Corporate Secretary, Sylvain Aubry, recently divested CA$415k worth of shares in the company, at an average price of CA$20.75 each. Equally important, that sale actually reduced their holding by a full 81% which hardly makes us feel bullish about the stock.

Check out our latest analysis for Savaria

The Last 12 Months Of Insider Transactions At Savaria

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Marcel Bourassa bought CA$2.0m worth of shares at a price of CA$14.50 per share. We do like to see buying, but this purchase was made at well below the current price of CA$20.92. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid CA$6.6m for 445.64k shares. But they sold 35.00k shares for CA$686k. In the last twelve months there was more buying than selling by Savaria insiders. 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!

Savaria is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Savaria Boast High Insider Ownership?

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Savaria insiders own about CA$291m worth of shares (which is 20% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Savaria Insiders?

Insiders haven't bought Savaria stock in the last three months, but there was some selling. But we take heart from prior transactions. And insider ownership remains quite considerable. So the recent selling doesn't worry us. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Savaria has 2 warning signs and it would be unwise to ignore them.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.