Bullish Groupe Dynamite Insiders Loaded Up On CA$706.8k Of Stock

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Groupe Dynamite Inc.'s (TSE:GRGD) instance, it's good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Groupe Dynamite Insider Transactions Over The Last Year

The Lead Independent Director Chris Arsenault made the biggest insider purchase in the last 12 months. That single transaction was for CA$439k worth of shares at a price of CA$14.10 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$37.51. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Groupe Dynamite insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Groupe Dynamite

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At Groupe Dynamite Have Bought Stock Recently

Over the last three months, we've seen significant insider buying at Groupe Dynamite. In total, insiders bought CA$103k worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.

Does Groupe Dynamite Boast High 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 Groupe Dynamite insiders own 86% of the company, worth about CA$3.5b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Groupe Dynamite Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Groupe Dynamite. One for the watchlist, at least! Of course, the future is what matters most. So if you are interested in Groupe Dynamite, you should check out this free report on analyst forecasts for the company.

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.