Usually, if one insider buys stock, it might not be a monumental event. However, if multiple insiders are making purchases as in this case, TUT Fitness Group Co., Ltd. (CVE:GYM), which sends a positive message to the company’s shareholders.
Although insider trading is not the most important thing in long-term investing, we think it would be foolish to ignore it completely.
Check out our latest analysis for TUT Fitness Group.
Insider transactions at TUT Fitness Group over the last 12 months
CEO and Director Robert Smith has made the biggest insider purchase in the last 12 months. In this one trade of his, he bought and sold CAD 140,000 worth of shares at a price of CAD 0.045 per share. So it’s clear that insiders were willing to buy, even at a higher price than the current share price (CAD0.045). Their views may have changed after the acquisition, but this at least suggests they were confident in the company’s future. For us, it’s very important to consider the price insiders pay for shares. Generally speaking, if insiders purchased shares at a higher price than the current price, they have more positive feelings about the stock. This is because it suggests that insiders thought the stock had value, even at a high price. Robert Smith, in particular, was also the biggest seller.
In the last twelve months, insiders bought 4.18 million shares for CA$189,000. However, an insider sold 10,000 shares worth CA$400. Overall, TUT Fitness Group insiders were net buyers over the last year. The chart below depicts insider transactions (by companies and individuals) over the past year. If you want to know exactly who sold, for how much, and when, click on the chart below.
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TUT Fitness Group insiders recently bought shares.
It’s good to see that TUT Fitness Group insiders have a notable investment in the company’s stock. Not only was there no selling that we could see, they collectively bought him CA$185,000 worth of shares. This can be interpreted as suggesting a positive outlook.
Does TUT Fitness Group have high insider ownership?
Looking at the total insider shares in a company can help you determine whether they are well aligned with common shareholders. We think it’s a good sign if insiders own a significant number of shares in the company. It appears that TUT Fitness Group insiders own 19% of the company, worth about CA$321k. 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 do TUT Fitness Group’s insider transactions tell us?
It’s certainly positive to see some recent insider buying. Our analysis of last year’s transactions also gives us confidence. However, on the other hand, the company made a loss last year, making it a little more cautious. Insiders may think there is value in TUT Fitness Group stock given these transactions (along with significant insider ownership in the company). In addition to knowing about ongoing insider transactions, it is useful to identify the risks facing TUT Fitness Group. After doing some research, we found the following: 4 warning signs for TUT Fitness Group (Three is a concern!) We think it’s worth your due diligence.
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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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, 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.
