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Even if it's not a huge purchase, we think it was good to see that Daniel Halyk, the President of Total Energy Services Inc. (TSE:TOT) recently shelled out CA$105k to buy stock, at CA$10.45 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
View our latest analysis for Total Energy Services
Total Energy Services Insider Transactions Over The Last Year
In fact, the recent purchase by President Daniel Halyk was not their only acquisition of Total Energy Services shares this year. Earlier in the year, they paid CA$9.38 per share in a CA$14m purchase. We do like to see buying, but this purchase was made at well below the current price of CA$10.86. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid CA$16m for 1.68m shares. On the other hand they divested 1.50m shares, for CA$14m. In total, Total Energy Services insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Total Energy Services is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Total Energy Services insiders own 9.1% of the company, worth about CA$37m. 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 Do The Total Energy Services Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Total Energy Services we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Total Energy Services. At Simply Wall St, we found 1 warning sign for Total Energy Services that deserve your attention before buying any shares.