Investments

Quite a few insiders invested in Queen’s Road Capital Investment Ltd. (CVE:QRC) last year which is positive news for shareholders – Yahoo Finance

Summary

It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Queen’s Road Capital Investment Ltd.’s (CVE:QRC) case, it’s fantastic news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Queen’s Road Capital Investment…….

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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Queen’s Road Capital Investment Ltd.’s (CVE:QRC) case, it’s fantastic news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Queen’s Road Capital Investment

The Last 12 Months Of Insider Transactions At Queen’s Road Capital Investment

The insider Jack Cowin made the biggest insider purchase in the last 12 months. That single transaction was for CA$143k worth of shares at a price of CA$0.63 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.76. 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.

Queen’s Road Capital Investment 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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Queen’s Road Capital Investment is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders at Queen’s Road Capital Investment Have Bought Stock Recently

It’s good to see that Queen’s Road Capital Investment insiders have made notable investments in the company’s shares. Specifically, Chairman & CEO Warren Philip Gilman bought CA$67k worth of shares in that time, and we didn’t record any sales whatsoever. This is a positive in our book as it implies some confidence.

Insider Ownership of Queen’s Road Capital Investment

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. It appears that Queen’s Road Capital Investment insiders own 36% of the company, worth about CA$79m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Queen’s Road Capital Investment Insiders?

It’s certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely …….

Source: https://finance.yahoo.com/news/quite-few-insiders-invested-queens-160846456.html