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$60k to buy stock, at CA$18.10 per share. That might not be a big purchase but it only increased their holding by 2.9%, and could be interpreted as a good sign.
Check out our latest analysis for Currency Exchange International
Currency Exchange International Insider Transactions Over The Last Year
The insider, Linda Stromme, made the biggest insider sale in the last 12 months. That single transaction was for CA$173k worth of shares at a price of CA$24.09 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (CA$18.10). So it may not tell us anything about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid CA$254k for 16.91k shares. On the other hand they divested 8525 shares, for CA$198k. In the last twelve months there was more buying than selling by Currency Exchange International insiders. Their average price was about CA$15.03. Although they bought at below the recent share price, it is good to see that insiders are willing to invest in the company. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
TSX:CXI Recent Insider Trading, February 6th 2020
Currency Exchange International is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Currency Exchange International insiders own about CA$29m worth of shares. That equates to 25% of the company. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Currency Exchange International Tell Us?
It’s certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. 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. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
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