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Viewing insider transactions for The Keg Royalties Income Fund's (TSE:KEG.UN ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Keg Royalties Income Fund
Keg Royalties Income Fund Insider Transactions Over The Last Year
The insider Kenneth Grondin made the biggest insider purchase in the last 12 months. That single transaction was for CA$202k worth of shares at a price of CA$15.20 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$14.93). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Kenneth Grondin was the only individual insider to buy during the last year.
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!
Keg Royalties Income Fund is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Keg Royalties Income Fund
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data isn't picking up on much insider ownership at Keg Royalties Income Fund, though insiders do hold about CA$359k worth of shares. It's always possible we are missing something but from our data, it looks like insider ownership is minimal.
So What Does This Data Suggest About Keg Royalties Income Fund Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Keg Royalties Income Fund stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 4 warning signs for Keg Royalties Income Fund (of which 2 are potentially serious!) you should know about.