Insiders were net buyers of Melcor Developments Ltd.'s (TSE:MRD ) stock during the past year. That is, insiders bought more stock than they sold.

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 Melcor Developments

The Last 12 Months Of Insider Transactions At Melcor Developments

In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Chairman Timothy Melton bought CA$351k worth of shares at a price of CA$11.70 per share. That means that an insider was happy to buy shares at around the current price of CA$12.06. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Melcor Developments share holders is that an insider was buying at near the current price. Timothy Melton was the only individual insider to buy during the last year.

Timothy Melton bought 50.00k shares over the last 12 months at an average price of CA$11.54. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Melcor Developments is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Melcor Developments Have Bought Stock Recently

There has been significantly more insider buying, than selling, at Melcor Developments, over the last three months. We can see that CEO & Executive Chairman Timothy Melton paid CA$351k for shares in the company. But we did see insider Graeme Melton sell shares worth CA$30k. Insiders have spent more buying shares than they have selling, so on balance we think they are are probably optimistic.

Insider Ownership Of Melcor Developments

Many investors like to check how much of a company is owned by 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 Melcor Developments insiders own 13% of the company, worth about CA$48m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.