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Summary

  • 3 insiders purchased Intertape Polymer stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 2 of these 3 insiders increased their holdings by more than 10%.

Intertape Polymer Group (OTCQB:ITPOF) operates in the packaging industry in North America and internationally.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Intertape Polymer's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
George BunzeDirectorJune 133,50060,371
shares
+6.2%
Jeffrey CrystalCFOJune 31,5891,589 sharesfrom 0 to 1,589
James PantelidisDirectorJune 265,00010,000 shares+100%

There have been 10,089 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Intertape Polymer's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
June 201410,0890
May 201420,9000
April 201400
March 20145,0000
February 201400
January 2014500
December 20130410
November 201300
October 201300
September 20130407,000
August 201301,000
July 201300
June 20130215,751
May 2013096,555
April 20130217,242
March 20130168,457
February 201300
January 201300

(Note: The table doesn't include shares acquired or disposed pursuant to a purchase/ownership plan)

There have been 36,039 shares purchased and there have been 1,106,415 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.

Financials

Intertape Polymer reported the first-quarter financial results on May 8 with the following highlights:

Revenue$199.9 million
Net income$11.6 million
Cash$5.8 million
Debt$149.1 million

The three insiders purchased their shares after these results.

(click to enlarge)

(Source: Earnings presentation)

Outlook

Intertape Polymer's second-quarter guidance is as follows:

Revenue growthUp 3%-5% over Q2 2013
Gross marginSimilar to Q1 2014 level
Adjusted EBITDAUp 3%-5% over Q2 2013

(click to enlarge)

(Source: Earnings presentation)

Competition

Intertape Polymer's competitors include 3M Company (NYSE:MMM), and AEP Industries (NASDAQ:AEPI). Here is a table comparing these companies.

CompanyITPOFMMMAEPI
Market Cap:680.69M94.14B180.24M
Employees:N/A88,6672,600
Qtrly Rev Growth (yoy):0.020.030.03
Revenue:784.75M31.07B1.16B
Gross Margin:0.210.480.11
EBITDA:103.32M8.12B45.04M
Operating Margin:0.100.220.01
Net Income:94.80M4.74B-3.67M
EPS:1.526.90-0.65
P/E:7.3720.85N/A
PEG (5 yr expected):N/A1.73N/A
P/S:0.873.030.15

Intertape Polymer has the lowest P/E ratio among these three companies.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
MMM0153,232
AEPI0511,155

Only Intertape Polymer has seen insider buying this year.

Conclusion

There have been three different insiders buying Intertape Polymer and there have not been any insiders selling Intertape Polymer during the last 30 days. Two of these three insiders increased their holdings by more than 10%.

The three insiders purchased their shares at prices ranging from $10.98 (C$11.75) to $12.07 (C$12.91). I believe Intertape Polymer could be a good pick below $12.07 based on the intensive insider buying.

(click to enlarge)

(Source: Earnings presentation)

Editor's Note: This article discusses one or more securities that do not trade on a major exchange. Please be aware of the risks associated with these stocks.

Source: Intertape Polymer: 3 Different Insiders Have Purchased Shares This Month