Roger Hardy Buys Handful Of Shares In Kits Eyecare
Kits Eyecare Ltd. (TSE:KITS) shareholders (or potential shareholders) will be happy to see that the Co-Founder, Roger Hardy, recently bought a whopping CA$775k worth of stock, at a price of CA$15.50. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.7%.
Kits Eyecare Insider Transactions Over The Last Year
Notably, that recent purchase by Co-Founder Roger Hardy was not the only time they bought Kits Eyecare shares this year. They previously made an even bigger purchase of CA$2.3m worth of shares at a price of CA$12.85 per share. We do like to see buying, but this purchase was made at well below the current price of CA$17.12. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Over the last year, we can see that insiders have bought 267.43k shares worth CA$3.5m. But they sold 125.00k shares for CA$1.8m. In the last twelve months there was more buying than selling by Kits Eyecare insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for Kits Eyecare
There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Kits Eyecare
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Kits Eyecare insiders own 27% of the company, worth about CA$155m. 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 Kits Eyecare Tell Us?
It's certainly positive to see the recent insider purchase. 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 Kits Eyecare. Nice! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Kits Eyecare.
Of course Kits Eyecare 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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