Chairman of the Board of North American Construction Group Martin Ferron Buys More Stock

Potential North American Construction Group Ltd. (TSE:NOA) shareholders may wish to note that the Chairman of the Board, Martin Ferron, recently bought CA$317k worth of stock, paying CA$26.45 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for North American Construction Group

North American Construction Group Insider Transactions Over The Last Year

In fact, the recent purchase by Chairman of the Board Martin Ferron was not their only trade of North American Construction Group shares this year. Earlier in the year, they sold shares at a price ofCA$33.42 per share in a -CA$668k transaction. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$26.02). So it is hard to draw any strong conclusion from it.

Martin Ferron divested 95.00k shares over the last 12 months at an average price of CA$31.61. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that North American Construction Group insiders own 11% of the company, worth about CA$79m. 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 North American Construction Group Tell Us?

It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by North American Construction Group insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. Overall they seem reasonably aligned. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 2 warning signs for North American Construction Group (1 is a bit unpleasant) you should be aware of.

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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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