Trade Alert: The President Of Camden National Corporation (NASDAQ:CAC), Gregory Dufour, Has Just Spent US$75k Buying 2.1% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Camden National Corporation (NASDAQ:CAC) President, Gregory Dufour, recently bought US$75k worth of stock, for US$36.14 per share. However, it only increased their shares held by 2.1%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Camden National

The Last 12 Months Of Insider Transactions At Camden National

The Secretary & Independent Director Ann Bresnahan made the biggest insider purchase in the last 12 months. That single transaction was for US$261k worth of shares at a price of US$26.06 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$47.75. 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 Camden National insiders bought shares during the last year, they didn't sell. The average buy price was around US$29.58. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.9% of Camden National shares, worth about US$20m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Camden National Insiders?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in Camden National shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Camden National. To help with this, we've discovered 2 warning signs (1 doesn't sit too well with us!) that you ought to be aware of before buying any shares in Camden National.

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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