Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Flagship Communities Real Estate Investment Trust (TSE:MHC.UN), it sends a favourable message to the company's shareholders.
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.
View our latest analysis for Flagship Communities Real Estate Investment Trust
Flagship Communities Real Estate Investment Trust Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Chair of the Board of Trustees Peter C. Bynoe bought CA$188k worth of shares at a price of CA$23.47 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$21.80). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Flagship Communities Real Estate Investment Trust insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Flagship Communities Real Estate Investment Trust is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Flagship Communities Real Estate Investment Trust Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Flagship Communities Real Estate Investment Trust. Insiders purchased CA$60k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Insider Ownership
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. From what we can see in our data, insiders own only about CA$1.2m worth of Flagship Communities Real Estate Investment Trust shares. This level of insider ownership is notably low, and not very encouraging.