There is usually nothing wrong with one insider buying shares. But when a significant number of insiders buy stocks, as happened in 2019, DelphX Capital Markets Inc. (CVE:DELX), this is great news for shareholders.
Insider trading isn’t the most important thing when it comes to long-term investing, but logically you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for DelphX Capital Markets.
DelphX Capital Market insider transactions over the past year
Independent director Salim Hasham made the biggest insider purchase in the last 12 months. In this one trade of his, CAD 204,000 worth of shares were traded at CAD 0.08 per share. We would like to make a purchase, but this purchase was made at a price well below the current price of $0.11 Canadian. This occurred at a lower valuation, so it doesn’t tell us much about whether insiders find today’s price attractive.
Over the last twelve months, DelphX Capital Markets insiders were buying, but not selling, shares. The average price was approximately CAD 0.11. These trades indicate that insiders are confident in investing their money in the stock, even if it is trading slightly below the recent price. The chart below depicts insider transactions (by companies and individuals) over the past year. You can click on the graph below to see the exact details of each insider transaction.
There are always plenty of stocks that insiders are buying. Check out each stock one by one or take a look at this if that suits your style. free List of companies. (Hint: Insiders are buying them).
DelphX Capital Markets insiders recently bought stock.
We’ve seen DelphX Capital Markets insiders buying shares in the last three months. Independent director Salim Hasham bought C$25,000 worth of shares during that time. We like it when there are no sellers, only buyers. However, in this case, the recent investment amount is very small.
Insider ownership
Another way to test the alignment between a company’s leaders and other shareholders is to look at the number of shares they own. We think it’s a good sign if insiders own a significant number of shares in the company. It appears DelphX Capital Markets insiders own 21% of the company’s shares, worth about CA$3.7m. Certainly, we’ve seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and other shareholders.
So what does this data suggest about DelphX Capital Markets insiders?
Our data shows that there has been a small amount of insider buying, but no selling, in the last three months. Net investment is not enough to encourage us much. On a brighter note, last year’s trading was encouraging. Insiders do own shares in DelphX Capital Markets, and their trades don’t cause us any concern. We like to know what’s going on with insider ownership and transactions, but we also always consider what risks a stock faces before making any investment decisions. At Simply Wall St, DelphX Capital Markets 5 warning signs (Two are a bit of a concern!) Please note these points before proceeding with your analysis.
If you want to check out another company with potentially better financials, don’t miss this free List of interesting companies with high return on equity and low debt.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
