Independent Director of Advantage Energy Jill Angevine Buys 67% More Shares

Investors who take an interest in Advantage Energy Ltd. (TSE:AAV) should definitely note that the Independent Director, Jill Angevine, recently paid CA$9.91 per share to buy CA$238k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 67%, potentially signalling some real optimism.

See our latest analysis for Advantage Energy

The Last 12 Months Of Insider Transactions At Advantage Energy

Over the last year, we can see that the biggest insider sale was by the Director, Andy Mah, for CA$1.5m worth of shares, at about CA$10.10 per share. So what is clear is that an insider saw fit to sell at around the current price of CA$9.94. 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.

In the last twelve months insiders purchased 84.98k shares for CA$852k. But insiders sold 303.00k shares worth CA$3.0m. Over the last year we saw more insider selling of Advantage Energy shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Advantage Energy better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Advantage Energy

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. It appears that Advantage Energy insiders own 3.1% of the company, worth about CA$52m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Advantage Energy Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but Advantage Energy insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Advantage Energy. You'd be interested to know, that we found 1 warning sign for Advantage Energy and we suggest you have a look.

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.

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