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Quite a few insiders have dramatically grown their holdings in Westshore Terminals Investment Corporation (TSE:WTE) over the past 12 months. An insider's optimism about the company's prospects is a positive sign.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Westshore Terminals Investment
The CFO & Director M. Dallas Ross made the biggest insider purchase in the last 12 months. That single transaction was for CA$1.4m worth of shares at a price of CA$23.58 each. That implies that an insider found the current price of CA$23.89 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Westshore Terminals Investment insiders decided to buy shares at close to current prices.
While Westshore Terminals Investment insiders bought shares during the last year, they didn't sell. 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!
See our latest analysis for Westshore Terminals Investment
Westshore Terminals Investment is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Westshore Terminals Investment Insiders Bought Stock Recently
Over the last quarter, Westshore Terminals Investment insiders have spent a meaningful amount on shares. CFO & Director M. Dallas Ross spent CA$1.7m on stock, and there wasn't any selling. That shows some optimism about the company's future.
Insider Ownership Of Westshore Terminals Investment
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Westshore Terminals Investment insiders own 48% of the company, worth about CA$671m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.