TSE:MTY) CEO & Non-Independent Director, Eric Lefebvre, recently bought CA$61k worth of stock, for CA$30.54 per share. That purchase might not be huge but it did increase their holding by 33%.” data-reactid=”28″>Whilst it may not be a huge deal, we thought it was good to see that the MTY Food Group Inc. (TSE:MTY) CEO & Non-Independent Director, Eric Lefebvre, recently bought CA$61k worth of stock, for CA$30.54 per share. That purchase might not be huge but it did increase their holding by 33%.
See our latest analysis for MTY Food Group ” data-reactid=”29″> See our latest analysis for MTY Food Group
The Last 12 Months Of Insider Transactions At MTY Food Group
Notably, that recent purchase by Eric Lefebvre is the biggest insider purchase of MTY Food Group shares that we’ve seen in the last year. That implies that an insider found the current price of CA$31.29 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for MTY Food Group share holders is that insiders were buying at near the current price.
MTY Food Group insiders may have bought shares in the last year, but they didn’t sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
list of growing companies with recent insider purchasing, could be just the ticket.” data-reactid=”49″>MTY Food Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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. MTY Food Group insiders own 23% of the company, currently worth about CA$176m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At MTY Food Group Tell Us?
2 warning signs for MTY Food Group (1 shouldn’t be ignored!) that we believe deserve your full attention.” data-reactid=”53″>The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don’t feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest MTY Food Group insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 2 warning signs for MTY Food Group (1 shouldn’t be ignored!) that we believe deserve your full attention.
list of interesting companies with high ROE and low debt.” data-reactid=”54″>But note: MTY Food Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”56″>This article by Simply Wall St is general in nature. 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.