Have Insiders Sold Vitreous Glass Shares Recently?

Investors may wish to note that the VP & COO of Vitreous Glass Inc., Darcy Forbes, recently netted CA$126k from selling stock, receiving an average price of CA$5.35. It might not be a huge sale, but it did reduce their holding size 18%, hardly encouraging.

View our latest analysis for Vitreous Glass

Vitreous Glass Insider Transactions Over The Last Year

Notably, that recent sale by Darcy Forbes is the biggest insider sale of Vitreous Glass shares that we've seen in the last year. That means that an insider was selling shares at below the current price (CA$5.38). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 18% of Darcy Forbes's holding.

Darcy Forbes sold a total of 48.50k shares over the year at an average price of CA$5.27. 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!

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Vitreous Glass insiders own 40% of the company, worth about CA$14m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Vitreous Glass Insider Transactions Indicate?

An insider sold Vitreous Glass shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with Vitreous Glass and understanding them should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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 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.