This Insider Has Just Sold Shares In Sailfish Royalty

Anyone interested in Sailfish Royalty Corp. (CVE:FISH) should probably be aware that the Executive Chairman, Akiba Leisman, recently divested CA$206k worth of shares in the company, at an average price of CA$1.38 each. However, the silver lining is that the sale only reduced their total holding by 8.6%, so we're hesitant to read anything much into it, on its own.

Check out our latest analysis for Sailfish Royalty

The Last 12 Months Of Insider Transactions At Sailfish Royalty

Notably, that recent sale by Akiba Leisman is the biggest insider sale of Sailfish Royalty shares that we've seen in the last year. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$1.09). So it is hard to draw any strong conclusion from it.

In the last twelve months insiders purchased 355.20k shares for CA$298k. But they sold 302.90k shares for CA$393k. Akiba Leisman sold a total of 302.90k shares over the year at an average price of US$1.30. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Sailfish Royalty Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Sailfish Royalty insiders own 3.0% of the company, worth about CA$2.3m. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Sailfish Royalty Tell Us?

The insider sales have outweighed the insider buying, at Sailfish Royalty, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! 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. When we did our research, we found 5 warning signs for Sailfish Royalty (2 shouldn't be ignored!) that we believe deserve your full attention.

But note: Sailfish Royalty 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 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.