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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:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. 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.

(click to enlarge)

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.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Manon LacroixVPFeb 78,7008,700 sharesfrom 0 to 8,700
Robert CopelandVPFeb 59006,200 shares+17.0%
Jacques DussaultSVPFeb 46,60010,105 shares+188.3%

Mike Walton

VPFeb 62,9706,265 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.

Month

Insider buying / shares

Insider selling / shares

February 201419,1700
January 20147,5090
December 201300
November 201300
October 20135,1770
September 201301,000
August 201300
July 201300
June 201310,4450

May 2013

0

0

April 2013

14,771

0

March 2013

2,000

0

February 2013

0

0

January 2013

0

0

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.

Financials

Rogers Sugar reported the fiscal 2014 first-quarter, which ended December 28, financial results on January 30 with the following highlights:

Revenue$136.9 million

Net income

$12.5 million

Cash

$5.2 million

Debt

$190.3 million

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.

Competition

Rogers Sugar's main competitor is Redpath Sugar. Only Rogers Sugar is publicly listed.

Conclusion

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.

Source: Rogers Sugar: 4 Different Insiders Have Purchased Shares This Month