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This dentalcorp Holdings Insider Increased Their Holding By 25% Last Year
From what we can see, insiders were net buyers in dentalcorp Holdings Ltd.'s (TSE:DNTL ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for dentalcorp Holdings
The Last 12 Months Of Insider Transactions At dentalcorp Holdings
Over the last year, we can see that the biggest insider purchase was by Independent Lead Director Jeffrey Rosenthal for CA$397k worth of shares, at about CA$7.94 per share. So it's clear an insider wanted to buy, at around the current price, which is CA$8.50. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. Jeffrey Rosenthal was the only individual insider to buy shares in the last twelve months.
Jeffrey Rosenthal bought a total of 84.00k shares over the year at an average price of CA$7.94. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that dentalcorp Holdings insiders own 5.2% of the company, worth about CA$88m. 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 Do The dentalcorp Holdings Insider Transactions Indicate?
There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders own shares in dentalcorp Holdings and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing dentalcorp Holdings. In terms of investment risks, we've identified 1 warning sign with dentalcorp Holdings and understanding it should be part of your investment process.
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.
About TSX:DNTL
dentalcorp Holdings
Through its subsidiaries, engages in the acquiring and partnering with dental practices to provide health care services in Canada.