- Capital Markets
The Independent Director of Guardian Capital Group Limited (TSE:GCG.A), Petros Christodoulou, Just Sold 100% Of Their Holding
We'd be surprised if Guardian Capital Group Limited (TSE:GCG.A) shareholders haven't noticed that the Independent Director, Petros Christodoulou, recently sold CA$525k worth of stock at CA$38.58 per share. In particular, we note that the sale equated to a 100% reduction in their position size, which doesn't exactly instill confidence.
See our latest analysis for Guardian Capital Group
The Last 12 Months Of Insider Transactions At Guardian Capital Group
In fact, the recent sale by Petros Christodoulou was the biggest sale of Guardian Capital Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of CA$39.90. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
I will like Guardian Capital Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership Of Guardian Capital Group
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Guardian Capital Group insiders own 4.4% of the company, worth about CA$42m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Guardian Capital Group Insiders?
An insider hasn't bought Guardian Capital Group stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Guardian Capital Group. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Guardian Capital Group.
But note: Guardian Capital Group 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, but not derivative transactions.
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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.
Guardian Capital Group
Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the Untied States, the United Kingdom, and internationally.
Excellent balance sheet average dividend payer.