Director Mark Mickleborough Just Bought 3.6% More Shares In Currency Exchange International, Corp. (TSE:CXI) – Yahoo Finance

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Even if it’s not a huge purchase, we think it was good to see that Mark Mickleborough, the Director of Currency Exchange International, Corp. (TSE:CXI) recently shelled out CA$51k to buy stock, at CA$11.58 per share. However, it only increased their shares held by 3.6%, and it wasn’t a huge purchase by absolute value, either.

View our latest analysis for Currency Exchange International

The Last 12 Months Of Insider Transactions At Currency Exchange International

The CEO, President & Director Randolph Pinna made the biggest insider purchase in the last 12 months. That single transaction was for CA$160k worth of shares at a price of CA$13.18 each. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being CA$10.72). It’s very possible they regret the purchase, but it’s more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While Currency Exchange International insiders bought shares during the last year, they didn’t sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Currency Exchange International insiders own 25% of the company, worth about CA$17m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Currency Exchange International Insiders?

The recent insider purchases are 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 Currency Exchange International insiders are well aligned, and that they may think the share price is too low. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. When we did our research, we found 3 warning signs for Currency Exchange International (1 doesn’t sit too well with us!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.