Enerflex Ltd T.EFX

Insider buying

[kijiji]

In the last twelve months, the biggest single purchase by an insider was when Independent Director Kevin Reinhart bought CA$100k worth of shares at a price of CA$5.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$8.75. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

 

In the last twelve months, the biggest single purchase by an insider was when Independent Director Kevin Reinhart bought CA$100k worth of shares at a price of CA$5.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$8.75. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

 

While Enerflex insiders bought shares during the last year, they didn't sell. The average buy price was around CA$5.55. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 

31 May 21 BuyCA$19,908 David Izett Individual 2,490 CA$8.18

28 Dec 20 BuyCA$29,970 Sanjay Bishnoi Individual 4,500 CA$6.66

Ownership Breakdown

Individual Insiders 0.7%

587,960 shares

General Public 30.4%

27,229,784 shares

Institutions 69.0%

61,861,101 shares