Insider Buying: The Richards Packaging Income Fund (TSE:RPI.UN) CEO & Trustee Just Bought 189% More Shares

Those following along with Richards Packaging Income Fund (TSE:RPI.UN) will no doubt be intrigued by the recent purchase of shares by Gerard Glynn, CEO & Trustee of the company, who spent a stonking CA$135m on stock at an average price of CA$67.50. That increased their holding by a full 189%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

View our latest analysis for Richards Packaging Income Fund

The Last 12 Months Of Insider Transactions At Richards Packaging Income Fund

Notably, that recent purchase by Gerard Glynn is the biggest insider purchase of Richards Packaging Income Fund shares that we've seen in the last year. That implies that an insider found the current price of CA$69.50 per share to be enticing. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Richards Packaging Income Fund share holders is that insiders were buying at near the current price. Notably Gerard Glynn was also the biggest seller.

Over the last year, we can see that insiders have bought 3.24m shares worth CA$218m. But they sold 1.25m shares for CA$83m. In the last twelve months there was more buying than selling by Richards Packaging Income Fund insiders. 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!

Richards Packaging Income Fund is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Richards Packaging Income Fund

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's great to see that Richards Packaging Income Fund insiders own 43% of the company, worth about CA$317m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Richards Packaging Income Fund Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Richards Packaging Income Fund. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 2 warning signs for Richards Packaging Income Fund that deserve your attention before buying any shares.

Of course Richards Packaging Income Fund 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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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. 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.
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