Alan Hibben Spends CA$502k On Mattr Stock

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Investors who take an interest in Mattr Corp. (TSE:MATR) should definitely note that the Independent Director, Alan Hibben, recently paid CA$10.13 per share to buy CA$502k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

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Mattr Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Director Alan Hibben was not the only time they traded Mattr shares this year. They previously made a sale of -CA$631k worth of shares at a price of CA$11.49 per share. That means that an insider was selling shares at around the current price of CA$10.89. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Happily, we note that in the last year insiders paid CA$790k for 74.09k shares. But insiders sold 91.92k shares worth CA$1.0m. Alan Hibben divested 91.92k shares over the last 12 months at an average price of CA$11.12. 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!

Check out our latest analysis for Mattr

I will like Mattr 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

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. We usually like to see fairly high levels of insider ownership. Based on our data, Mattr insiders have about 0.6% of the stock, worth approximately CA$4.1m. We consider this fairly low insider ownership.

So What Do The Mattr Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Mattr stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. On the plus side, Mattr makes money, and is growing profits. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for Mattr (1 makes us a bit uncomfortable) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.

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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.