Yahoo Finance Trade Alert: The Co-Founder & Vice Board Chair Of Spark Power Group Inc. (TSE:SPG), Andrew Clark, Has Just Spent CA$400k Buying 1.6% More Shares
Potential Spark Power Group Inc. (TSE:SPG) shareholders may wish to note that the Co-Founder & Vice Board Chair, Andrew Clark, recently bought CA$400k worth of stock, paying CA$2.11 for each share. Although the purchase only increased their holding by 1.6%, it is still a solid purchase in our view.
Check out our latest analysis for Spark Power Group
The Last 12 Months Of Insider Transactions At Spark Power Group
Notably, that recent purchase by Andrew Clark is the biggest insider purchase of Spark Power Group shares that we've seen in the last year. That implies that an insider found the current price of CA$2.18 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the Spark Power Group insider decided to buy shares at close to current prices. Andrew Clark was the only individual insider to buy during the last year.
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!
Spark Power 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.
Does Spark Power Group Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Spark Power Group insiders own 52% of the company, worth about CA$64m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Spark Power Group Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Spark Power Group. Nice! 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. You'd be interested to know, that we found 3 warning signs for Spark Power Group and we suggest you have a look.
Of course Spark Power Group 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.
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.
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