Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of High Liner Foods Incorporated (TSE:HLF), it sends a favourable message to the company's shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for High Liner Foods

The Last 12 Months Of Insider Transactions At High Liner Foods

Over the last year, we can see that the biggest insider sale was by the Independent Director, David Hennigar, for CA$86k worth of shares, at about CA$14.30 per share. That means that an insider was selling shares at slightly below the current price (CA$14.67). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 100% of David Hennigar's holding. David Hennigar was the only individual insider to sell shares in the last twelve months.

In the last twelve months insiders purchased 10.50k shares for CA$145k. But they sold 6.35k shares for CA$90k. Overall, High Liner Foods insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insiders At High Liner Foods Have Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at High Liner Foods. Independent Proposed Director Scott Brison bought CA$53k worth of shares in that time. It's great to see that insiders are only buying, not selling. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Does High Liner Foods Boast High Insider Ownership?

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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that High Liner Foods insiders own 3.6% of the company, worth about CA$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.