It may not be a big deal, but Transalta Renewables Co., Ltd. (TSE:RNW) Susan Ward, an independent director of the company, recently purchased shares worth CA$66,000 at CA$14.24 per share. That said, it was only a small percentage increase in stock holdings and not a large purchase in absolute terms.
See the latest analysis from TransAlta Renewables
Insider trading at TransAlta Renewables in the last 12 months
Notably, the recent purchase by Susan Ward is the largest insider purchase of TransAlta Renewables stock we’ve seen in the last year. So it’s clear that insiders wanted to buy, even at a price higher than the current stock price ($13.94 CAD). Their views may have changed since then, but at least it shows they were optimistic at the time. In our view, the price an insider pays for a stock is very important. It’s encouraging to see insiders paying more than the current stock price. Susan Ward said she was the only individual insider to buy shares in the last 12 months.
The chart below shows insider trading (by company and individual) over the past year. If you want to know exactly who sold, how much and when, click the chart below.
There are many other companies in which insiders buy shares.you probably do No i want to miss this freedom A list of growth companies that insiders are buying.
Does TransAlta Renewables boast high insider ownership?
I like to look at how many shares an insider owns in a company to inform my view of how well insiders and insiders match up. High insider ownership often leads company management to pay more attention to the interests of shareholders. From our data, the insider only owns approximately C$558,000 worth of his TransAlta Renewables shares. There is always the possibility that something is missing, but our data suggests that insider ownership is minimal.
What does this data tell us about TransAlta Renewables Insiders?
Recent insider purchases are reassuring. Also, the analysis of last year’s trading gives confidence. The slight downside we see in this analysis is that (overall) insider ownership is fairly low. Their deal suggests they are very positive about his TransAlta Renewables stake. We want to know what’s going on with insider ownership and trading, but we also try to consider the risks facing the stock before making any investment decision.Our analysis shows 3 warning signs for TransAlta Renewables (1 cannot be ignored!) We highly recommend checking them before investing.
If you want to check out another company – one with potentially great financials – don’t miss freedom An interesting list of companies with high return on equity and low debt.
For the purposes of this article, an insider is an individual who reports a transaction to the relevant regulatory body. Currently, we consider open market transactions and private disposals, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …
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