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Insiders Are Buying Input Capital

July 11, 2014 | About:
maarnio

maarnio

2 followers

One agricultural commodity streaming company has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

- The stock is purchased by three or more insiders within one month.

- The stock is sold by no insiders in the month of intensive purchasing.

- At least two purchasers increase their holdings by more than 10%.

Input Capital Corp. (INPCF) operates as an agricultural commodity streaming company in Canada.

nimetön.png

(Source: Investor presentation)

Insider Buying During the Last 30 Days

Here is a table of Input’s insider activity during the last 30 days.

Name

Title

Trade Date

Shares Purchased

Prospectus

Current Ownership

Increase InShares

James Burgess

Director of Finance & Administration

July 9

15,000

Yes

67,630 shares

+28.5%

Doug Emsley

CEO

July 9

144,627

Yes

10,823,573 shares

+1.4%

Brad Farquhar

CFO

July 9

48,545

Yes

2,445,662 shares

+2.0%

Patricia Warsaba

Senior Officer

July 9

10,800

Yes

29,550 shares

+57.6%

There have been 218,972 shares purchased by insiders during the last 30 days. All of these shares were purchased pursuant to a bought deal offering.

Insider Buying by Calendar Month

Here is a table of Input’s insider activity by calendar month.

Month

Insider buying / shares

Insider selling / shares

July 2014

218,972

0

June 2014

0

0

May 2014

0

0

April 2014

0

0

March 2014

0

0

February 2014

0

0

January 2014

0

0

December 2013

0

0

November 2013

0

0

October 2013

466,787

0

September 2013

0

0

August 2013

0

0

July 2013

0

0

There have been 685,759 shares purchased and there have been zero shares sold by insiders since July 2013. Input’s shares started trading on the TSX Venture Exchange in July 2013.

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Financials

Input reported the fiscal 2014 full-year, which ended March 31, financial results on May 27 with the following highlights:

Revenue

C$5.1 million

Net loss

C$4.1 million

Adjusted EBITDA

C$409,660

Cash

C$30.4 million

Debt

C$0

On July 9, Input closed a C$40.3 million offering.

Competition

To management’s knowledge, Input Capital is the world’s only agricultural commodity streaming company.

nimetön.png

(Source: Investor presentation)

Conclusion

There have been four different insiders buying Input and there have not been any insiders selling Input during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Input has an insider ownership of 25.5%.

nimetön.png

(Source: Investor presentation)

The four insiders purchased their shares at $2.16 (C$2.30). I believe Input could be a good pick below $2.16 based on the intensive insider buying.

nimetön.png

(Source: Investor presentation)

Disclosure: The author has no positions in any stocks mentioned.

About the author:

maarnio
I have 15 years of investing experience. I have traded stocks, commodities and Forex markets.

Rating: 0.0/5 (0 votes)

Comments

samhaskell
Samhaskell premium member - 5 months ago

Looks like a great stock. Thank you for writing this.

Please leave your comment:


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