Insiders Sold Belgravia Hartford Capital Prematurely At CA$0.13 With Stock Trading Higher

Despite the fact that Belgravia Hartford Capital Inc.'s (CSE:BLGV) value has dropped 21% in the last week insiders who sold CA$366k worth of stock in the past 12 months have had less success. Given that the average selling price of CA$0.13 is still lower than the current share price, insiders would probably have been better off keeping their shares.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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The Last 12 Months Of Insider Transactions At Belgravia Hartford Capital

In the last twelve months, the biggest single sale by an insider was when the insider, Sanjay Joshi, sold CA$177k worth of shares at a price of CA$0.33 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$0.055). So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 3.53m shares for CA$82k. On the other hand they divested 2.87m shares, for CA$366k. Over the last year we saw more insider selling of Belgravia Hartford Capital shares, than buying. They sold for an average price of about CA$0.13. We are not joyful about insider selling. But the selling was at much higher prices than the current share price (CA$0.055), so it probably doesn't tell us a lot about the value on offer today. You can see the insider transactions (by companies and 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!

Check out our latest analysis for Belgravia Hartford Capital

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Insiders At Belgravia Hartford Capital Have Sold Stock Recently

The last three months saw some Belgravia Hartford Capital insider selling. Insiders only netted CA$50k selling shares, in that period. It's not great to see insider selling, nor the lack of recent buyers. But the volume sold is so low that it really doesn't bother us.

Does Belgravia Hartford Capital 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Belgravia Hartford Capital insiders own 34% of the company, worth about CA$2.6m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Belgravia Hartford Capital Tell Us?

While there has not been any insider buying in the last three months, there has been selling. But given the selling was modest, we're not worried. Recent insider selling makes us a little nervous, in light of the broader picture of Belgravia Hartford Capital insider transactions. But it's good to see that insiders own shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 5 warning signs that you should run your eye over to get a better picture of Belgravia Hartford Capital.

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.