Stock Analysis

VP, CFO and Director of Corporate Accounting & Treasury Scott Taylor Just Bought 175% More Shares In Winpak Ltd. (TSE:WPK)

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Whilst it may not be a huge deal, we thought it was good to see that the Winpak Ltd. (TSE:WPK) VP, CFO and Director of Corporate Accounting & Treasury, Scott Taylor, recently bought CA$69k worth of stock, for CA$39.67 per share. Even though that isn't a massive buy, it did increase their holding by 175%, which is arguably a good sign.

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The Last 12 Months Of Insider Transactions At Winpak

In fact, the recent purchase by Scott Taylor was the biggest purchase of Winpak shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$40.64. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Winpak insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 2.55k shares worth CA$103k. But they sold 987.00 shares for CA$41k. Overall, Winpak insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

TSX:WPK Insider Trading Volume March 17th 2023

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Winpak insiders own 0.4% of the company, worth about CA$12m. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Winpak Tell Us?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Winpak and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in Winpak, you should check out this free report on analyst forecasts for the company.

But note: Winpak may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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