Potential Interfor Corporation (TSE:IFP) shareholders may wish to note that the President, Ian Fillinger, recently bought CA$266k worth of stock, paying CA$14.80 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 12%.
Interfor Insider Transactions Over The Last Year
In fact, the recent purchase by Ian Fillinger was the biggest purchase of Interfor shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of CA$15.24. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Interfor share holders is that insiders were buying at near the current price.
In the last twelve months Interfor insiders were buying shares, but not selling. Their average price was about CA$8.90. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. 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 Interfor
Interfor is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Interfor Boast High Insider Ownership?
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. Our data indicates that Interfor insiders own about CA$8.4m worth of shares (which is 0.8% of the company). Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At Interfor Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Interfor stock. 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. To help with this, we've discovered 2 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Interfor.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.