Investors may wish to note that an insider of Hardwoods Distribution Inc., John Griffin, recently netted CA$65k from selling stock, receiving an average price of CA$43.46. However we note that the sale only shrunk their holding by 4.9%.
See our latest analysis for Hardwoods Distribution
The Last 12 Months Of Insider Transactions At Hardwoods Distribution
Over the last year, we can see that the biggest insider sale was by the insider, E. Sauder, for CA$3.1m worth of shares, at about CA$32.00 per share. That means that an insider was selling shares at slightly below the current price (CA$43.68). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. This single sale was just 43% of E. Sauder’s stake.
In the last year Hardwoods Distribution insiders didn’t buy any company stock. 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Many investors like to check how much of a company is owned by 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. Hardwoods Distribution insiders own about CA$42m worth of shares. That equates to 4.0% 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 Hardwoods Distribution Tell Us?
An insider sold Hardwoods Distribution shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. But it is good to see that Hardwoods Distribution is growing earnings. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’re in no rush to buy! In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Hardwoods Distribution. At Simply Wall St, we’ve found that Hardwoods Distribution has 3 warning signs (2 are a bit unpleasant!) that deserve your attention before going any further with your analysis.
But note: Hardwoods Distribution may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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.
