Potential Sailfish Royalty Corp. (CVE:FISH) shareholders may wish to note that the Chief Executive Officer, Akiba Jacob Leisman, recently bought CA$227k worth of stock, paying CA$1.28 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 119%.
View our latest analysis for Sailfish Royalty
The Last 12 Months Of Insider Transactions At Sailfish Royalty
In fact, the recent purchase by Akiba Jacob Leisman was the biggest purchase of Sailfish Royalty shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of CA$1.55. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Sailfish Royalty share holders is that insiders were buying at near the current price.
In the last twelve months Sailfish Royalty insiders were buying shares, but not selling. Their average price was about CA$1.27. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. 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!
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).
Does Sailfish Royalty Boast High 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. Our data suggests Sailfish Royalty insiders own 1.7% of the company, worth about CA$1.4m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Sailfish Royalty Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Sailfish Royalty insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 4 warning signs for Sailfish Royalty (2 are a bit unpleasant!) and we strongly recommend you look at them before investing.
Of course Sailfish Royalty may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email firstname.lastname@example.org.