Ben Lui Bought 5.2% More Shares In Yorkton Equity Group

Potential Yorkton Equity Group Inc. (CVE:YEG) shareholders may wish to note that the President, Ben Lui, recently bought CA$425k worth of stock, paying CA$0.10 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 5.2%.

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Yorkton Equity Group Insider Transactions Over The Last Year

In fact, the recent purchase by Ben Lui was the biggest purchase of Yorkton Equity Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$0.10. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Yorkton Equity Group share holders is that an insider was buying at near the current price. Ben Lui was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Yorkton Equity Group

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Yorkton Equity Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Yorkton Equity Group insiders own about CA$8.7m worth of shares (which is 77% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Yorkton Equity Group Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Yorkton Equity Group. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Yorkton Equity Group. To that end, you should learn about the 3 warning signs we've spotted with Yorkton Equity Group (including 2 which shouldn't be ignored).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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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.