Positive Signs As Multiple Insiders Buy Tidewater Renewables Stock

It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Tidewater Renewables Ltd.'s (TSE:LCFS) case, it's fantastic 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, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Tidewater Renewables

Tidewater Renewables Insider Transactions Over The Last Year

The CEO & Chairman Robert Colcleugh made the biggest insider purchase in the last 12 months. That single transaction was for CA$249k worth of shares at a price of CA$8.70 each. That implies that an insider found the current price of CA$9.18 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Tidewater Renewables share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 30.74k shares for CA$267k. But insiders sold 1.29k shares worth CA$11k. In total, Tidewater Renewables insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Tidewater Renewables is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Have Tidewater Renewables Insiders Traded Recently?

There was only a small bit of insider buying, worth CA$3.4k, in the last three months. Overall, we don't think these recent trades are particularly informative, one way or the other.

Does Tidewater Renewables 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Our information indicates that Tidewater Renewables insiders own about CA$421k worth of shares. We might be missing something but that seems like very low insider ownership.

So What Do The Tidewater Renewables Insider Transactions Indicate?

Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Tidewater Renewables insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Tidewater Renewables that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.