Potential AGF Management Limited (TSE:AGF.B) shareholders may wish to note that the Independent Director, Laura Dottori-Attanasio, recently bought CA$201k worth of stock, paying CA$16.06 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 49%.
The Last 12 Months Of Insider Transactions At AGF Management
Over the last year, we can see that the biggest insider sale was by the Head of AGF Capital Partners, Ashley Lawrence, for CA$230k worth of shares, at about CA$23.06 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$15.37). So it may not tell us anything about how insiders feel about the current share price.
All up, insiders sold more shares in AGF Management than they bought, over the last year. 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!
Check out our latest analysis for AGF Management
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 2.1% of AGF Management shares, worth about CA$21m. 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 AGF Management Insiders?
We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. We're a little cautious about the insider selling at AGF Management. But it's good to see that insiders own shares in the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for AGF Management you should be aware of.
Of course AGF Management may not be the best stock to buy. So you may wish to see this free collection of high quality 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.