Executive Chairman of Sailfish Royalty Picks Up 3.4% More Stock

Even if it's not a huge purchase, we think it was good to see that Akiba Leisman, the Executive Chairman of Sailfish Royalty Corp. (CVE:FISH) recently shelled out CA$99k to buy stock, at CA$1.23 per share. Although the purchase is not a big one, increasing their shareholding by only 3.4%, it can be interpreted as a good sign.

Check out our latest analysis for Sailfish Royalty

The Last 12 Months Of Insider Transactions At Sailfish Royalty

In fact, the recent purchase by Executive Chairman Akiba Leisman was not their only trade of Sailfish Royalty shares this year. They previously made a sale of -CA$206k worth of shares at a price of CA$1.38 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$1.21. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid CA$239k for 225.15k shares. But they sold 224.20k shares for CA$295k. Akiba Leisman sold a total of 224.20k shares over the year at an average price of US$1.32. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Sailfish Royalty better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Based on our data, Sailfish Royalty insiders have about 4.4% of the stock, worth approximately CA$3.8m. We prefer to see high levels of insider ownership.

So What Do The Sailfish Royalty Insider Transactions Indicate?

It is good to see recent purchasing. But we can't say the same for the transactions over the last 12 months. Neither the level of insider ownership, nor the transactions over the last twelve months inspire us, but we think the recent buying is positive. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with Sailfish Royalty (including 2 which are significant).

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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com