CEO, President & Director of Element Fleet Management Picks Up 13% More Stock
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$1.1m worth of stock, at a price of CA$19.98. Not only is that a big swing, but it increased their holding size by 13%, which is definitely great to see.
The Last 12 Months Of Insider Transactions At Element Fleet Management
The insider, Jacob Eisenberg, made the biggest insider sale in the last 12 months. That single transaction was for CA$2.4m worth of shares at a price of CA$26.26 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$19.62. So it may not shed much light on insider confidence at current levels. The only individual insider seller over the last year was Jacob Eisenberg.
Happily, we note that in the last year insiders paid CA$6.9m for 276.91k shares. But they sold 90.86k shares for CA$2.4m. In the last twelve months there was more buying than selling by Element Fleet Management insiders. The average buy price was around CA$25.07. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. 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
Element Fleet Management is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Element Fleet Management insiders own 0.2% of the company, worth about CA$17m. 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?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Element Fleet Management we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Element Fleet Management. When we did our research, we found 3 warning signs for Element Fleet Management (1 is significant!) that we believe deserve your full attention.
But note: Element Fleet Management 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.
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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