Martin Ferron Spends CA$168k On North American Construction Group Stock

Investors who take an interest in North American Construction Group Ltd. (TSE:NOA) should definitely note that the Chairman of the Board, Martin Ferron, recently paid CA$28.07 per share to buy CA$168k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for North American Construction Group

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

Notably, that recent purchase by Chairman of the Board Martin Ferron was not the only time they traded North American Construction Group shares this year. They previously made a sale of -CA$621k worth of shares at a price of CA$31.03 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. The good news is that this large sale was at well above current price of CA$28.02. So it may not tell us anything about how insiders feel about the current share price.

In the last twelve months insiders purchased 58.00k shares for CA$1.5m. On the other hand they divested 44.00k shares, for CA$1.3m. In total, North American Construction Group insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

North American Construction Group is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does North American Construction Group Boast High Insider Ownership?

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. Insiders own 12% of North American Construction Group shares, worth about CA$87m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At North American Construction Group Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of North American Construction Group we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing North American Construction Group. You'd be interested to know, that we found 3 warning signs for North American Construction Group and we suggest you have a look.

But note: North American Construction 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 of direct interests only, but not derivative transactions or indirect interests.

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