Independent Director of A & W Food Services of Canada Picks Up 136% More Stock
A & W Food Services of Canada Inc. (TSE:AW) shareholders (or potential shareholders) will be happy to see that the Independent Director, Andrew Mindell, recently bought a whopping CA$942k worth of stock, at a price of CA$35.97. That increased their holding by a full 136%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.
The Last 12 Months Of Insider Transactions At A & W Food Services of Canada
In fact, the recent purchase by Andrew Mindell was the biggest purchase of A & W Food Services of Canada shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than CA$35.92 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
A & W Food Services of Canada insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for A & W Food Services of Canada
A & W Food Services of Canada is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does A & W Food Services of Canada Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. A & W Food Services of Canada insiders own 38% of the company, currently worth about CA$331m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About A & W Food Services of Canada Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about A & W Food Services of Canada. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing A & W Food Services of Canada. At Simply Wall St, we found 1 warning sign for A & W Food Services of Canada that deserve your attention before buying any shares.
Of course A & W Food Services of Canada 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 of direct interests only, but not derivative transactions or indirect interests.
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