Element Fleet Management Corp. (TSE:EFN) shareholders (or potential shareholders) will be happy to see that the CEO, President & Director, Laura Dottori-Attanasio, recently bought a whopping CA$1.0m worth of stock, at a price of CA$25.24. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 10%.
Element Fleet Management Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Jacob Eisenberg, sold CA$2.4m worth of shares at a price of CA$26.26 per share. That means that an insider was selling shares at around the current price of CA$25.20. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. Jacob Eisenberg was the only individual insider to sell over the last year.
In the last twelve months insiders purchased 166.82k shares for CA$4.8m. On the other hand they divested 90.86k shares, for CA$2.4m. Overall, Element Fleet Management insiders were net buyers during the last year. They paid about CA$28.59 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Element Fleet Management
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Many investors like to check how much of a company is owned by 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. Element Fleet Management insiders own about CA$17m worth of shares. That equates to 0.2% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Element Fleet Management Tell Us?
Unfortunately, there has been more insider selling of Element Fleet Management stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. 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 that end, you should learn about the 4 warning signs we've spotted with Element Fleet Management (including 1 which makes us a bit uncomfortable).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.