United Co.s (TSE:UNC) Insider Buys C$13,329.00 in Stock

Key Points

• United Corporations Limited bought 900 more shares of United Co.s on April 17 at C$14.81 each, spending C$13,329 and lifting its direct stake by 12.5% to 8,100 shares.
• The insider has been steadily accumulating shares throughout early April with multiple open-market purchases, suggesting continued confidence in the stock’s outlook.
• United Co.s shares were down 1.2% to C$14.27, while the company recently reported quarterly EPS of C$0.05 and revenue of C($53.50) million.

United Co.s Limited (TSE:UNC - Get Free Report) insider United Corporations Limited purchased 900 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of C$14.81 per share, with a total value of C$13,329.00. Following the transaction, the insider directly owned 8,100 shares of the company's stock, valued at approximately C$119,961. This represents a 12.50% increase in their ownership of the stock.

United Corporations Limited also recently made the following trade(s):

• On Wednesday, April 1st, United Corporations Limited purchased 800 shares of United Co.s stock. The stock was acquired at an average cost of C$13.49 per share, with a total value of C$10,792.00.
• On Thursday, April 2nd, United Corporations Limited purchased 900 shares of United Co.s stock. The stock was acquired at an average cost of C$13.70 per share, with a total value of C$12,330.00.
• On Monday, April 6th, United Corporations Limited purchased 200 shares of United Co.s stock. The stock was acquired at an average cost of C$13.70 per share, with a total value of C$2,740.00.
• On Tuesday, April 7th, United Corporations Limited purchased 300 shares of United Co.s stock. The stock was acquired at an average cost of C$13.72 per share, with a total value of C$4,116.00.
• On Wednesday, April 8th, United Corporations Limited purchased 1,000 shares of United Co.s stock. The stock was acquired at an average cost of C$13.95 per share, with a total value of C$13,950.00.
• On Thursday, April 9th, United Corporations Limited purchased 500 shares of United Co.s stock. The stock was acquired at an average cost of C$13.85 per share, with a total value of C$6,925.00.
• On Friday, April 10th, United Corporations Limited purchased 1,000 shares of United Co.s stock. The stock was acquired at an average cost of C$14.23 per share, with a total value of C$14,230.00.
• On Monday, April 13th, United Corporations Limited purchased 1,300 shares of United Co.s stock. The stock was acquired at an average cost of C$14.30 per share, with a total value of C$18,590.00.
• On Wednesday, April 15th, United Corporations Limited purchased 300 shares of United Co.s stock. The stock was acquired at an average cost of C$14.50 per share, with a total value of C$4,350.00.
• On Thursday, April 16th, United Corporations Limited purchased 1,300 shares of United Co.s stock. The stock was acquired at an average cost of C$14.67 per share, with a total value of C$19,071.00.

United Co.s Trading Down 1.2%

TSE:UNC traded down C$0.18 during mid-day trading on Monday, hitting C$14.27. The company's stock had a trading volume of 100 shares, compared to its average volume of 6,178. United Co.s Limited has a fifty-two week low of C$12.50 and a fifty-two week high of C$16.37. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of 4.60 and a beta of 0.69. The stock has a fifty day moving average of C$14.04 and a 200-day moving average of C$14.52.

United Co.s (TSE:UNC - Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C($53.50) million during the quarter. United Co.s had a net margin of 305.92% and a return on equity of 18.51%.

Key Headlines Impacting United Co.s

Here are the key news stories impacting United Co.s this week:

• Positive Sentiment: United Corporations Limited made a series of open-market purchases in United Co.s Limited, increasing its holdings significantly over the month. Repeated insider buying can signal management/owner confidence in the stock’s outlook and often supports investor sentiment.
• Neutral Sentiment: The shares were bought mostly near the current trading range, suggesting the insider views the stock as reasonably valued rather than deeply discounted or overheated.
• Negative Sentiment: Despite the insider accumulation, there is no new operating update, earnings release, or strategic announcement in these items, so the move may reflect sentiment rather than a fundamental catalyst.

United Co.s Company Profile

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. Short-term volatility is expected and tolerated. Management remains confident that the Companys investment strategy will reward shareholders over the long-term.The investment portfolio of the Company comprises primarily foreign equities. Net equity value and net investment income may vary significantly from period to period depending on the economic environment and market conditions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.