In This Article:
Even if it's not a huge purchase, we think it was good to see that Darryl Bergman, the Executive VP & CFO of High Liner Foods Incorporated (TSE:HLF) recently shelled out CA$79k to buy stock, at CA$15.40 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
See our latest analysis for High Liner Foods
The Last 12 Months Of Insider Transactions At High Liner Foods
In fact, the recent purchase by Darryl Bergman was the biggest purchase of High Liner Foods shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$15.80. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months High Liner Foods insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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 undervalued small cap companies that insiders are buying.
Insider Ownership Of High Liner Foods
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that High Liner Foods insiders own 3.4% of the company, worth about CA$15m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About High Liner Foods Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in High Liner Foods 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 High Liner Foods. In terms of investment risks, we've identified 3 warning signs with High Liner Foods and understanding them should be part of your investment process.