The Chairman of the Board of Jamieson Wellness Inc. (TSE:JWEL), David Williams, Just Bought 41.7% More Shares

Those following along with Jamieson Wellness Inc. (TSE:JWEL) will no doubt be intrigued by the recent purchase of shares by David Williams, Chairman of the Board of the company, who spent a stonking CA$1.2m on stock at an average price of CA$24.49. Not only is that a big swing, but it increased their holding size by 41.7%, which is definitely great to see.

View our latest analysis for Jamieson Wellness

Jamieson Wellness Insider Transactions Over The Last Year

In fact, the recent purchase by David Williams was the biggest purchase of Jamieson Wellness shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$23.66 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Over the last year, we can see that insiders have bought 144k shares worth CA$3.1m. But insiders sold 2000 shares worth CA$42k. In total, Jamieson Wellness insiders bought more than they sold over the last year. They paid about CA$21.58 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see a visual depiction of insider transactions (by 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!

Does Jamieson Wellness 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. Jamieson Wellness insiders own about CA$19m worth of shares. That equates to 2.1% 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 Do The Jamieson Wellness Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Jamieson Wellness insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Jamieson Wellness.

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, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.