In This Article:
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Beacn Wizardry and Magic Inc. (CVE:BECN), that sends out a positive message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Our free stock report includes 5 warning signs investors should be aware of before investing in Beacn Wizardry and Magic. Read for free now.
Beacn Wizardry and Magic Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Kenneth Hallat for CA$212k worth of shares, at about CA$0.33 per share. That means that even when the share price was higher than CA$0.025 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for 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 Beacn Wizardry and Magic insiders bought shares during the last year, they didn't sell. The average buy price was around CA$0.20. These transactions suggest that insiders have considered the current price attractive. 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!
Check out our latest analysis for Beacn Wizardry and Magic
Beacn Wizardry and Magic is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of Beacn Wizardry and Magic
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Beacn Wizardry and Magic insiders own about CA$761k worth of shares (which is 54% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Beacn Wizardry and Magic Tell Us?
The fact that there have been no Beacn Wizardry and Magic insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. It would be great to see more insider buying, but overall it seems like Beacn Wizardry and Magic insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Beacn Wizardry and Magic is showing 5 warning signs in our investment analysis, and 4 of those can't be ignored...