Positive Signs As Multiple Insiders Buy Belgravia Hartford Capital Stock

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Belgravia Hartford Capital Inc.'s (CSE:BLGV) instance, it's good news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Belgravia Hartford Capital

The Last 12 Months Of Insider Transactions At Belgravia Hartford Capital

Notably, that recent purchase by insider Shoaib Sheikh was not the only time they bought Belgravia Hartford Capital shares this year. Earlier in the year, they paid CA$0.021 per share in a CA$210k purchase. That means that even when the share price was higher than CA$0.02 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

In the last twelve months insiders purchased 25.59m shares for CA$522k. But insiders sold 8.70m shares worth CA$174k. Overall, Belgravia Hartford Capital insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Belgravia Hartford Capital 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.

Belgravia Hartford Capital Insiders Bought Stock Recently

We saw some Belgravia Hartford Capital insider buying shares in the last three months. They bought CA$25k worth in that time. On the other hand, President Mehdi Azodi sold CA$2.2k worth of shares. It is nice to see that insiders have bought, but the quantum isn't large enough to get us excited.

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 32% of the company, worth about CA$328k. 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 Belgravia Hartford Capital Tell Us?

We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Belgravia Hartford Capital and their transactions don't cause us concern. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 6 warning signs for Belgravia Hartford Capital (of which 5 are concerning!) you should know about.

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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.