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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 Boyd Group Services Inc. (TSE:BYD), 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.
See our latest analysis for Boyd Group Services
The Last 12 Months Of Insider Transactions At Boyd Group Services
In the last twelve months, the biggest single purchase by an insider was when President & COO Brian Kaner bought CA$140k worth of shares at a price of CA$234 per share. That means that even when the share price was higher than CA$228 (the recent price), an insider wanted to purchase shares. 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 if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Boyd Group Services insiders bought shares during the last year, they didn't sell. 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!
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.
Does Boyd Group Services Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.4% of Boyd Group Services shares, worth about CA$18m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Boyd Group Services Insiders?
The fact that there have been no Boyd Group Services insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Boyd Group Services insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Boyd Group Services. At Simply Wall St, we've found that Boyd Group Services has 2 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.