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

Whilst it may not be a huge deal, we thought it was good to see that the North American Construction Group Ltd. (TSE:NOA) Independent Chairman of the Board, Martin Ferron, recently bought CA$93k worth of stock, for CA$23.23 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At North American Construction Group

In fact, the recent purchase by Independent Chairman of the Board Martin Ferron was not their only trade of North American Construction Group shares this year. They previously made a sale of -CA$610k worth of shares at a price of CA$30.75 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$23.37. So it may not tell us anything about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 79.65k shares worth CA$2.0m. But they sold 31.21k shares for CA$961k. Overall, North American Construction Group insiders were net buyers during the last year. 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!

See our latest analysis for North American Construction Group

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Insider Ownership Of North American Construction Group

For a common shareholder, it is worth checking how many shares are held by company 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. North American Construction Group insiders own about CA$71m worth of shares. That equates to 11% 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.

So What Does This Data Suggest About North American Construction Group Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of North American Construction Group we think they are probably pretty confident of a bright future. 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. Every company has risks, and we've spotted 4 warning signs for North American Construction Group (of which 1 is significant!) you should know about.

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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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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.