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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 DelphX Capital Markets Inc. (CVE:DELX), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for DelphX Capital Markets
The Last 12 Months Of Insider Transactions At DelphX Capital Markets
In the last twelve months, the biggest single purchase by an insider was when Non-Executive Independent Director Salim Hasham bought CA$75k worth of shares at a price of CA$0.09 per share. We do like to see buying, but this purchase was made at well below the current price of CA$0.13. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months DelphX Capital Markets insiders were buying shares, but not selling. The average buy price was around CA$0.099. We don't deny that it is nice to see insiders buying stock in the company. But we must note that the investments were made at well below today's share price. 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!
DelphX Capital Markets is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insiders At DelphX Capital Markets Have Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at DelphX Capital Markets. insider Keith Ainsworth bought CA$50k worth of shares in that time. It's great to see that insiders are only buying, not selling. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. DelphX Capital Markets insiders own about CA$4.6m worth of shares. That equates to 19% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.