The Co-Founder of Spin Master Corp. (TSE:TOY), Anton Rabie, Just Bought 103% More Shares

Spin Master Corp. (TSE:TOY) shareholders (or potential shareholders) will be happy to see that the Co-Founder, Anton Rabie, recently bought a whopping CA$5.4m worth of stock, at a price of CA$38.60. That purchase boosted their holding by 103%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Spin Master

Spin Master Insider Transactions Over The Last Year

In fact, the recent purchase by Anton Rabie was the biggest purchase of Spin Master shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of CA$40.04 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Spin Master share holders is that an insider was buying at near the current price. Anton Rabie was the only individual insider to buy during the last year.

Anton Rabie bought a total of 243.90k shares over the year at an average price of CA$30.19. 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!

Spin Master is not the only stock that insiders are buying. For those who like to find winning investments 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Spin Master insiders own 33% of the company, worth about CA$1.4b. 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 Do The Spin Master Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Spin Master. Nice! 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 Spin Master has 2 warning signs and it would be unwise to ignore these.

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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