Altius Renewable Royalties' Market Cap Up CA$36m Following Year Of Insider Stock Buying

Altius Renewable Royalties Corp. (TSE:ARR) insiders who purchased shares in the last 12 months were richly rewarded last week. The stock climbed by 15% resulting in a CA$36m addition to the company’s market value. As a result, their original purchase of US$521.1k worth of stock is now worth US$635.6k.

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.

Check out our latest analysis for Altius Renewable Royalties

Altius Renewable Royalties Insider Transactions Over The Last Year

The insider John Baker made the biggest insider purchase in the last 12 months. That single transaction was for CA$97k worth of shares at a price of CA$7.00 each. Even though the purchase was made at a significantly lower price than the recent price (CA$9.06), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Altius Renewable Royalties insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Altius Renewable Royalties 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. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own CA$2.6m worth of Altius Renewable Royalties stock, about 1.0% of the company. We prefer to see high levels of insider ownership.

So What Do The Altius Renewable Royalties Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Altius Renewable Royalties shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Altius Renewable Royalties insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Altius Renewable Royalties. For instance, we've identified 2 warning signs for Altius Renewable Royalties (1 makes us a bit uncomfortable) you should be aware of.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.