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Whilst it may not be a huge deal, we thought it was good to see that the Saturn Oil & Gas Inc. (TSE:SOIL) Chief Development Officer, Justin Kaufmann, recently bought CA$104k worth of stock, for CA$2.09 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 17%.
See our latest analysis for Saturn Oil & Gas
The Last 12 Months Of Insider Transactions At Saturn Oil & Gas
In the last twelve months, the biggest single purchase by an insider was when insider Thomas Claugus bought CA$694k worth of shares at a price of CA$2.25 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$2.07). 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. Notably Thomas Claugus was also the biggest seller.
Over the last year, we can see that insiders have bought 1.18m shares worth CA$2.5m. But they sold 14.00k shares for CA$32k. In the last twelve months there was more buying than selling by Saturn Oil & Gas insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Saturn Oil & Gas 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 Saturn Oil & Gas
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Saturn Oil & Gas insiders own 2.2% of the company, worth about CA$9.2m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Saturn Oil & Gas Tell Us?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Saturn Oil & Gas insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Saturn Oil & Gas. To that end, you should learn about the 3 warning signs we've spotted with Saturn Oil & Gas (including 1 which doesn't sit too well with us).