Have CoTec Holdings Insiders Been Selling Stock?
We note that the CoTec Holdings Corp. (CVE:CTH) CFO & Corporate Secretary, Abraham Jonker, recently sold CA$140k worth of stock for CA$1.40 per share. On the bright side, that's just a small sale and only reduced their holding by 1.3%.
The Last 12 Months Of Insider Transactions At CoTec Holdings
In fact, the recent sale by CFO & Corporate Secretary Abraham Jonker was not their only sale of CoTec Holdings shares this year. Earlier in the year, they fetched CA$1.50 per share in a -CA$314k sale. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$1.20. So it is hard to draw any strong conclusion from it.
Abraham Jonker bought a total of 509.90k shares over the year at an average price of CA$1.45. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for CoTec Holdings
CoTec Holdings is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does CoTec Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 11% of CoTec Holdings shares, worth about CA$17m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The CoTec Holdings Insider Transactions Indicate?
The insider sales have outweighed the insider buying, at CoTec Holdings, in the last three months. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CoTec Holdings. Every company has risks, and we've spotted 4 warning signs for CoTec Holdings (of which 2 are concerning!) you should know about.
But note: CoTec Holdings 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 of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.