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Whilst it may not be a huge deal, we thought it was good to see that the Element Fleet Management Corp. (TSE:EFN) Executive VP & CTO, Vineet Gupta, recently bought CA$106k worth of stock, for CA$10.59 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 50%.
See our latest analysis for Element Fleet Management
Element Fleet Management Insider Transactions Over The Last Year
CEO, President & Executive Director Jay Forbes made the biggest insider purchase in the last 12 months. That single transaction was for CA$660k worth of shares at a price of CA$6.60 each. We do like to see buying, but this purchase was made at well below the current price of CA$10.60. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 403070 shares worth CA$2.8m. But they sold 1000 for CA$9.8k. In the last twelve months there was more buying than selling by Element Fleet Management insiders. You can see the insider transactions (by individuals) over the last year depicted in the chart 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 of Element Fleet Management
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. From our data, it seems that Element Fleet Management insiders own 0.3% of the company, worth about CA$12m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Element Fleet Management Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Element Fleet Management shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Element Fleet Management, you should check out this free report on analyst forecasts for the company.