Have Insiders Sold Morguard Corporation (TSE:MRC) Shares Recently?

We note that the Morguard Corporation (TSE:MRC) Director, David King, recently sold CA$59k worth of stock for CA$117 per share. On the bright side, that's just a small sale and only reduced their holding by 0.6%.

View our latest analysis for Morguard

The Last 12 Months Of Insider Transactions At Morguard

While no particular insider transaction stood out, we can still look at the overall trading.

Happily, we note that in the last year insiders paid CA$169k for 1.50k shares. But insiders sold 800.00 shares worth CA$92k. In total, Morguard insiders bought more than they sold over the last year. 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!

Morguard 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 Morguard

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. Morguard insiders own about CA$811m worth of shares (which is 61% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Morguard Insiders?

Our data shows a little more insider selling than buying in the last three months. But the net divestment is not enough to concern us at all. But insiders have shown more of an appetite for the stock, over the last year. It would be great to see more insider buying, but overall it seems like Morguard insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 4 warning signs for Morguard (1 makes us a bit uncomfortable) you should be aware of.

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, 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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