Hopeful Week For Insiders Who Bought CA$1.01m Of Sixty Six Capital Stock

Insiders who bought CA$1.01m worth of Sixty Six Capital Inc. (CSE:SIX) stock in the last year recovered part of their losses as the stock rose by 29% last week. However, the purchase is proving to be an expensive wager as insiders are yet to get ahead of their losses which currently stand at CA$154k since the time of purchase.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

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Sixty Six Capital Insider Transactions Over The Last Year

The insider Robert Keith made the biggest insider purchase in the last 12 months. That single transaction was for CA$610k worth of shares at a price of CA$0.14 each. That means that even when the share price was higher than CA$0.11 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months Sixty Six Capital insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Sixty Six Capital

Sixty Six Capital is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders At Sixty Six Capital Have Bought Stock Recently

Over the last quarter, Sixty Six Capital insiders have spent a meaningful amount on shares. Not only was there no selling that we can see, but they collectively bought CA$954k worth of shares. That shows some optimism about the company's future.

Does Sixty Six Capital Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Sixty Six Capital insiders own 78% of the company, currently worth about CA$17m based on the recent share price. 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 Sixty Six Capital Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Sixty Six Capital. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sixty Six Capital. Be aware that Sixty Six Capital is showing 5 warning signs in our investment analysis, and 3 of those 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.