Have Insiders Sold AGF Management Shares Recently?

Anyone interested in AGF Management Limited (TSE:AGF.B) should probably be aware that the Head of AGF Capital Partners, Ashley Lawrence, recently divested CA$230k worth of shares in the company, at an average price of CA$23.05 each. On the bright side, that sale was only 4.2% of their holding, so we doubt it's very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At AGF Management

Notably, that recent sale by Ashley Lawrence is the biggest insider sale of AGF Management shares that we've seen in the last year. That means that an insider was selling shares at below the current price (CA$23.46). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 4.2% of Ashley Lawrence's stake.

Insiders in AGF Management didn't buy any shares in the last year. 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!

Check out our latest analysis for AGF Management

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.1% of AGF Management shares, worth about CA$31m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At AGF Management Tell Us?

An insider hasn't bought AGF Management stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that AGF Management is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AGF Management. At Simply Wall St, we've found that AGF Management has 2 warning signs (1 shouldn't be ignored!) that deserve your attention before going any further with your analysis.

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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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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.