Charles Pellerin Is The Executive Chairman of TerraVest Industries Inc. (TSE:TVK) And Just Spent CA$230k On Shares

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Investors who take an interest in TerraVest Industries Inc. (TSE:TVK) should definitely note that the Executive Chairman, Charles Pellerin, recently paid CA$22.97 per share to buy CA$230k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for TerraVest Industries

The Last 12 Months Of Insider Transactions At TerraVest Industries

Notably, that recent purchase by Charles Pellerin is the biggest insider purchase of TerraVest Industries shares that we've seen in the last year. That implies that an insider found the current price of CA$23.90 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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 TerraVest Industries insiders decided to buy shares at close to current prices.

In the last twelve months TerraVest Industries insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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TSX:TVK Insider Trading Volume July 16th 2022

TerraVest Industries is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does TerraVest Industries Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that TerraVest Industries insiders own 22% of the company, worth about CA$94m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About TerraVest Industries Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in TerraVest Industries shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 2 warning signs we've spotted with TerraVest Industries (including 1 which is significant).