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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in TerraVest Industries Inc.'s (TSE:TVK) instance, it's good news for shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for TerraVest Industries
TerraVest Industries Insider Transactions Over The Last Year
The Executive Chairman Charles Pellerin made the biggest insider purchase in the last 12 months. That single transaction was for CA$230k worth of shares at a price of CA$22.99 each. We do like to see buying, but this purchase was made at well below the current price of CA$27.59. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does TerraVest Industries Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. TerraVest Industries insiders own about CA$108m worth of shares. That equates to 22% of the company. 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 TerraVest Industries Insider Transactions Indicate?
The fact that there have been no TerraVest Industries insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like TerraVest Industries insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TerraVest Industries. When we did our research, we found 3 warning signs for TerraVest Industries (1 doesn't sit too well with us!) that we believe deserve your full attention.