In this article, I will feature one consumer stock that 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 increased their holdings by more than 10%.
Rogers Sugar (OTC:RSGUF) is engaged in the refining, processing, distribution, and marketing of sugar products in Canada.
Insider buying during the last 30 days
Here is a table of Rogers Sugar's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Manon Lacroix||VP||Feb 7||8,700||8,700 shares||from 0 to 8,700|
|Robert Copeland||VP||Feb 5||900||6,200 shares||+17.0%|
|Jacques Dussault||SVP||Feb 4||6,600||10,105 shares||+188.3%|
|VP||Feb 6||2,970||6,265 shares||+90.1%|
There have been 19,170 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Rogers Sugar's insider-trading activity by calendar month.
Insider buying / shares
Insider selling / shares
There have been 59,072 shares purchased, and there have been 1,000 shares sold by insiders since January 2013. The month of February 2014 has seen the most insider buying.
Rogers Sugar reported the fiscal 2014 first-quarter, which ended December 28, financial results on January 30 with the following highlights:
The stock plunged after these results. The insiders started buying the shares after the plunge.
Fiscal 2014 outlook
Overall, total sales volume is expected to be comparable to fiscal 2013. However, adjusted gross margin rate is expected to be lower in fiscal 2014 due to an increasingly competitive environment in all domestic segments. In addition, export sales margins will be lower than fiscal 2013 due to a change in U.S. market conditions.
There have been four different insiders buying Rogers Sugar, and there have not been any insiders selling Rogers Sugar during the last 30 days. All four of these insiders increased their holdings by more than 10%.
Rogers Sugar has a dividend yield of 7.9%. The insiders purchased their shares below $4.65. I believe the stock could be a good pick below $4.65 based on the intensive insider buying.