Director of AGF Management Laura Dottori-Attanasio Buys 98% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the AGF Management Limited (TSE:AGF.B) Director, Laura Dottori-Attanasio, recently bought CA$100k worth of stock, for CA$7.99 per share. Even though that isn't a massive buy, it did increase their holding by 98%, which is arguably a good sign.

See our latest analysis for AGF Management

AGF Management Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when President Judith Goldring bought CA$1.0m worth of shares at a price of CA$6.20 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$7.74), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

While AGF Management insiders bought shares during the last year, they didn't sell. 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does AGF Management Boast High Insider Ownership?

Many investors like to check how much of a company is owned by 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. AGF Management insiders own about CA$26m worth of shares. That equates to 5.2% of the company. 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 AGF Management Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest AGF Management insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AGF Management. For example, AGF Management has 2 warning signs (and 1 which is significant) we think you should know about.

But note: AGF Management 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.

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.