Yahoo Finance Insider Buying: The Interfor Corporation (TSE:IFP) Senior Vice President of Eastern Operations Just Bought 100% More Shares
Investors who take an interest in Interfor Corporation (TSE:IFP) should definitely note that the Senior Vice President of Eastern Operations, Eric Larouche, recently paid CA$32.71 per share to buy CA$360k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 100%.
Check out our latest analysis for Interfor
Interfor Insider Transactions Over The Last Year
The Senior VP & CFO Richard Pozzebon made the biggest insider purchase in the last 12 months. That single transaction was for CA$540k worth of shares at a price of CA$33.51 each. That means that an insider was happy to buy shares at around the current price of CA$33.89. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Interfor insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Interfor insiders own about CA$13m worth of shares (which is 0.7% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Interfor 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 Interfor we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Interfor has 2 warning signs (1 is a bit unpleasant!) that deserve your attention before going any further with your analysis.
Of course Interfor 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, but not derivative transactions.
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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.
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