Independent Chairman of the Board Eric Chouinard Just Bought 9.4% More Shares In Premier Health of America Inc. (CVE:PHA)

Whilst it may not be a huge deal, we thought it was good to see that the Premier Health of America Inc. (CVE:PHA) Independent Chairman of the Board, Eric Chouinard, recently bought CA$100k worth of stock, for CA$1.05 per share. Although the purchase is not a big one, increasing their shareholding by only 9.4%, it can be interpreted as a good sign.

View our latest analysis for Premier Health of America

Premier Health of America Insider Transactions Over The Last Year

The Founder Martin Legault made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.3m worth of shares at a price of CA$0.25 each. Even though the purchase was made at a significantly lower price than the recent price (CA$1.11), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Premier Health of America insiders were buying shares, but not selling. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Premier Health of America Boast High 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 Premier Health of America insiders own 34% of the company, worth about CA$18m. 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 Premier Health of America Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Premier Health of America insiders are well aligned, and that they may think the share price is too low. While we like knowing 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. You'd be interested to know, that we found 5 warning signs for Premier Health of America and we suggest you have a look.

Of course Premier Health of America may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.

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