Insider Spends CA$397k Buying More Shares In dentalcorp Holdings

Potential dentalcorp Holdings Ltd. (TSE:DNTL) shareholders may wish to note that the Independent Lead Director, Jeffrey Rosenthal, recently bought CA$397k worth of stock, paying CA$7.94 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 25%.

View our latest analysis for dentalcorp Holdings

The Last 12 Months Of Insider Transactions At dentalcorp Holdings

Notably, that recent purchase by Independent Lead Director Jeffrey Rosenthal was not the only time they bought dentalcorp Holdings shares this year. They previously made an even bigger purchase of CA$1.1m worth of shares at a price of CA$5.41 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$7.92), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Jeffrey Rosenthal bought a total of 250.00k shares over the year at an average price of CA$5.92. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 5.7% of dentalcorp Holdings shares, worth about CA$85m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The dentalcorp Holdings Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest dentalcorp Holdings insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 1 warning sign for dentalcorp Holdings you should know about.

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.