Stock Analysis

The Executive Chairman of TerraVest Industries Inc. (TSE:TVK), Charles Pellerin, Just Bought A Few More Shares

  •  Updated
TSX:TVK
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Whilst it may not be a huge deal, we thought it was good to see that the TerraVest Industries Inc. (TSE:TVK) Executive Chairman, Charles Pellerin, recently bought CA$75k worth of stock, for CA$15.05 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.

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TerraVest Industries Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chief Investment Officer, Mitchell Gilbert, for CA$2.4m worth of shares, at about CA$16.00 per share. So we know that an insider sold shares at around the present share price of CA$15.50. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year we saw more insider selling of TerraVest Industries shares, than buying. 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!

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TSX:TVK Insider Trading Volume January 10th 2021

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Insider Ownership of TerraVest Industries

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 27% of TerraVest Industries shares, worth about CA$77m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At TerraVest Industries Tell Us?

It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. We don't take much heart from transactions by TerraVest Industries insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. 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 assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of TerraVest Industries.

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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, but not derivative transactions.

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