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Insiders who purchased Fortune Bay Corp. (CVE:FOR) shares in the past 12 months are unlikely to be deeply impacted by the stock's 14% decline over the past week. After accounting for the recent loss, the CA$625.6k worth of shares they purchased is now worth CA$1.16m, suggesting a good return on their investment.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Fortune Bay Insider Transactions Over The Last Year
Notably, that recent purchase by Wade Dawe is the biggest insider purchase of Fortune Bay shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$0.51. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Fortune Bay insiders may have bought shares in the last year, but they didn't sell any. Their average price was about CA$0.27. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. 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!
See our latest analysis for Fortune Bay
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.
Fortune Bay Insiders Bought Stock Recently
It's good to see that Fortune Bay insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought CA$383k worth of shares. That shows some optimism about the company's future.
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. It appears that Fortune Bay insiders own 16% of the company, worth about CA$4.6m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.