Tidewater Midstream and Infrastructure Insider Sellers Miss The Bus As Stock Jumps 21%

Last week, Tidewater Midstream and Infrastructure Ltd.'s (TSE:TWM) stock jumped 21%, but insiders who sold CA$188k worth of stock in over the past year are likely to be in a better position. Selling at an average price of CA$0.66, which is higher than the current price, may have been the best move for these insiders because their investment would have been worth less now than when they sold.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Tidewater Midstream and Infrastructure

The Last 12 Months Of Insider Transactions At Tidewater Midstream and Infrastructure

Over the last year, we can see that the biggest insider sale was by the Executive Vice President of Midstream Commercial, Jared Gurevitch, for CA$75k worth of shares, at about CA$0.60 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$0.20). So it may not tell us anything about how insiders feel about the current share price. The only individual insider seller over the last year was Jared Gurevitch.

Jared Gurevitch divested 285.80k shares over the last 12 months at an average price of CA$0.66. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Tidewater Midstream and Infrastructure better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Have Tidewater Midstream and Infrastructure Insiders Traded Recently?

We saw some Tidewater Midstream and Infrastructure insider buying shares in the last three months. insider Nauman Toor purchased CA$13k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Insider Ownership Of Tidewater Midstream and Infrastructure

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. From our data, it seems that Tidewater Midstream and Infrastructure insiders own 11% of the company, worth about CA$9.5m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Tidewater Midstream and Infrastructure Insiders?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. We don't take much encouragement from the transactions by Tidewater Midstream and Infrastructure insiders. And we're not picking up on high enough insider ownership to give us any comfort. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tidewater Midstream and Infrastructure. Every company has risks, and we've spotted 4 warning signs for Tidewater Midstream and Infrastructure (of which 1 is concerning!) you should know about.

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.